I think that this is a great revolution for accounting firms as well as for other businesses; more companies should follow Brady Ware’s lead. There are only a few businesses ready to jump into computer technology, at this magnitude, at this point in time, but those businesses that have, are seeing the positive affects that this technology has on a business. One great example is the cost of paper. In a field where ultimately everything is done on paper, the costs can become excruciating. In this article one expert says, “Paper is a huge cost to businesses and an unnecessary burden.” Utilizing computers can change this burden. Rather than writing everything out and then having to store it in file cabinets, with a

These changes would make it easier for the average person to plan for their retirement. From what I have gathered, a normal person will be able to take advantage of the amounts of funding available for retirement. Canada has three different parts in the retirement system: Canada Pension Plan, Old Age Security, and registered pension and retirement savings plans. Individuals would be able to put away more money than ever for their future. This seems like it would cut down on the number of retired and elderly people needing to draw funds from the government. Also, the government would have more funds available for Canada’s Social Security program, which would really benefit the elderly.

computer you simply type in all your information and then store it right there, no paper necessary. Businesses will spend less money on paper and storage units, which (in a perfect world) would be great from employees because Businesses could use the extra money on better employee benefits and pay raises. People may not realize it, but I think that computerized systems make work less stressful. You would never lose files, because they are in the computer; never have to go digging through file cabinets; no more filing, you would have everything at the tips of your fingers. It would be great!

In an article entitled, “Tyco Shares Rise after Accounting News,” Tyco managers were accused of bending accounting rules. A team of lawyers and accountants, from outside the business found a number of errors in Tyco’s books during an audit. When corrected, these errors raised Tyco’s losses by $382 million dollars for that fiscal year alone. With that kind of money involved, I highly doubt that Tyco accountants simply bent the rules; besides the fact that they should not be “bending the rules” to begin with. There seem to be some shading accounting going on in this business. I would love to know which rules they were bending, and how close they were to (in their opinion) breaking them.

The Enron scandal has been one of the biggest accounting-business stories in recent years. The New York Times recently published an article entitled, “Tax Moves by Enron said to Mystify the I.R.S.” that elaborates how it was pulled off, until they were caught. Enron used an accounting style that was so complex that the I.R.S is having a difficult time understanding what they really did. Many companies, including Enron, are able to escape taxes by fraudulently taking advantage of the differ

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