If you had to guess, what technology initiatives would the stereotypical accountants in your firm think are most important? If you said, “documents, forms, content and knowledge management” you’d be wrong—that’s number 10 on their list, according to a recent survey by the American Institute of Certified Public Accountants.
Nope, information security management, IT governance, business continuity management and disaster recovery planning are their most important technology initiatives for 2008. But, as you’d guess with accountants, it comes back to the bottom line. “Recent studies show that investors are willing to pay a premium of up to 20 percent more for shares of enterprises with reputations for good IT governance practices,” says Lynn Lawton, international president of the association.