IMPACT 102: 8 Steps to Breach Preparedness

If there was ever any doubt about the importance of data security, consider that the total number of breaches does not appear to be slowing down in the least. Since 2005, the total number has grown from about 580 million records in 2011 to about 870 million in 2014, and more than 250 million of those records have occurred from 574 breaches in the financial and insurance services sector, according to Privacy Rights Clearinghouse (https://www.privacyrights.org/data-breach/new).

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Latest Articles

  • 13 Nov

    How to respond to subpoenas

    CPA firms are often uncertain about whether or how to respond to a subpoena, as they also need to comply with a number of rules and regulations that are intended to protect client confidentiality. The following Q&A focuses on understanding the nature of subpoenas and how CPA firms can ... read more

  • 13 Nov

    The New 'Hosting Services' Interpretation

    Under the new "Hosting Services" ethics interpretation in the AICPA's Code of Professional Conduct (ET §1.295.143), effective July 1, 2019, CPA independence is impaired by taking responsibility for hosting a client's data or records. As such, if the only way that the client can access its... read more

  • 05 Nov

    FASB ASC 606 – Don’t Get Revenue Wrecked

    by Duncan B. Will, CPA/ABV/CFF, CFE

    Of course, you're relieved and exhausted – in addition to the traditional tax and accounting services you perform for your clients as their accountant and trusted adviser, you've helped them address the new tax law, consulted on a... read more