Investment in technology by Irish accountancy firms has failed to yield significant benefits in terms of cost saving or improved service to clients, according to a new study. The research, carried out over a a year and published by Dr Martin Fahy of University College Galway and the Institute of certified Public Accountants in Ireland, shows that many firms have no strategy or plan for IT in their practice. In most cases, according to the survey, there was a lack of in-house IT knowledge and expertise to plan and manage long-term IT investment.