04.02.2013 Views

Doug Tkach Elected President - The Institute of Chartered ...

Doug Tkach Elected President - The Institute of Chartered ...

Doug Tkach Elected President - The Institute of Chartered ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Participate in the Upcoming Managing a<br />

Public Practice Surveys<br />

Computerization<br />

Did you know that according to our 2008 Managing a Public Practice<br />

(MAPP) survey on Computerization:<br />

• A majority <strong>of</strong> firms with six or more Full Time Equivalents (FTEs)<br />

have a website, including 100% <strong>of</strong> firms with over 35 FTEs.<br />

Approximately one in five firms with one or two FTEs have a website.<br />

• Respondents spent an average <strong>of</strong> $45,000 on technology in the last<br />

fiscal year, an increase from $40,000 from the 2006 MAPP survey.<br />

This represents 3.5 percent <strong>of</strong> total revenue, a slight decline from 3.8<br />

percent from the 2006 survey.<br />

• Most firms are sending information electronically. However,<br />

depending on the type <strong>of</strong> information being sent on average only<br />

between two in ten and three in ten respondents report protecting<br />

the information they send. Passwords are the most commonly used<br />

methods for safeguarding information.<br />

• 64 percent <strong>of</strong> the <strong>of</strong> the respondents use Remote Access s<strong>of</strong>tware –<br />

Windows Remote Desktop remains the favorite among this type <strong>of</strong><br />

s<strong>of</strong>tware user.<br />

• 35 percent <strong>of</strong> the <strong>of</strong> respondents use Paperless Office s<strong>of</strong>tware and<br />

Adobe Acrobat continues to be most frequently cited.<br />

• Dell continues to be the most frequently purchased computer brand<br />

by respondent firms.<br />

Will these trends continue or will there be significant changes? <strong>The</strong>re<br />

is only one way to find out! Take part in the upcoming MAPP survey on<br />

Computerization.<br />

Thank you!<br />

In recognition <strong>of</strong> years <strong>of</strong><br />

dedicated service<br />

Thanks to Darlene Kochanski (left) and Marie Kostiuk (right) for their years<br />

<strong>of</strong> dedicated service at the <strong>Institute</strong>. Darlene celebrated her 35th year at ICAM<br />

and Marie her 25th consecutive year. Congratulations!<br />

FOLIO 8<br />

Practice Management<br />

Did you know that according to our 2008 Managing a Public Practice<br />

(MAPP) survey on Practice Management:<br />

• <strong>The</strong>re has been a trend since 2006 to move from assurance<br />

engagements to non-assurance engagements. This movement is most<br />

significant for firms with five full-time equivalents or less.<br />

• Operating expenses on average were 56 per cent <strong>of</strong> gross revenues, the<br />

same as in 2006.<br />

• Slightly over one-half <strong>of</strong> respondents (54 per cent) report requesting<br />

retainers from new clients, compared to three-in-ten (28 per cent)<br />

from existing clients. Approximately two-thirds <strong>of</strong> respondents used<br />

progress billing for both new and existing clients.<br />

• 75 per cent <strong>of</strong> respondents had a net pr<strong>of</strong>it margin percentage<br />

(pre-partner distributions) <strong>of</strong> 33 per cent or better, the same as in<br />

2006.<br />

Will these trends continue or will there be significant changes? To find<br />

out, participate in the MAPP Survey: Practice Management by July 29,<br />

2010.<br />

Beyond the Perimeter Conference<br />

…for practitioners serving small and mid-size Manitoba<br />

businesses.<br />

September 13 & 14, 2010<br />

Elkhorn Resort, Clear Lake, MB<br />

Beyond the Perimeter Conference generously sponsored by<br />

CA Insurance Plans West<br />

Coverage that counts.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!