Research carried out by CIMA reveals that manyorganisations – especially SMEs – are failing to justify their ITinvestments against the financial benefits derived.
70 per cent ofrespondents claimed their IT spend this year has been above average.
Tony Dart, CIMA Technical Director, said: ‘Thefindings of the survey are complex and surprising, given thatthe cost of IT equipment has dropped and capacity has risen.
‘Companies cannotbe spending wisely. An investment must – in the end – deliver a return.This is generally acknowledged except in the case of IT.
‘The difficulty for smaller businesses is that theydo not have the resources to assess their investments inadvance and so often make mistakes. He added: ‘Part of the problem lies with initiatives wheresmall businesses are encouraged to invest in IT but arenot neccessarily encouraged to look at the business case for doingso.’
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union