Digitalisation has profound implications for small- and medium-sized accountancy practices (SMPs). These implications will demand change. New digital technologies will continue to emerge. SMPs must anticipate these changes and be prepared to respond. SMPs, however, are typically resource constrained and in need of guidance and direction on how best to respond to these implications. This is where the Digital Competency Maturity Model (DCMM™) comes in.
The DCMM™ comprises a questionnaire that enables SMPs to rate their current level of maturity on digital competency, identify areas where competencies are strong or lacking, and then develop a road map for achieving a higher level of maturity.
We recommend the firm’s leadership, preferably including someone with IT expertise, meet to form a collective response. Completing the questionnaire will demand the exercise of professional judgement. The questions in each section must be completed using the ‘Answer’ column. The answer options are given in each case.
Read here more detailed information on the DCMM™ including how to interpret your results and determine your next steps.
Read here an article published on 7 September 2020 providing an analysis of the replies collected between 2 September 2019 and 30 June 2020. A summary paper is available here.