Taxes July 29, 2025
As part of a special five-part series, the IRS and its Security Summit partners highlight the importance of tax pros creating and maintaining a WISP.
Firm Management October 10, 2023
A new survey conducted by Protiviti and The Institute of Internal Auditors (IIA) reveals which risks are keeping IT auditors up at night.
September 7, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss the current security and technology risks that accounting, tax, and other financial firms face.
August 16, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss client data security and the new FTC Safeguards Rule: IRS Pub 4557.
Accounting August 15, 2023
The final rule, “Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure,” requires greater transparency when organizations experience cyberattacks.
Firm Management August 8, 2023
Cyber insurance is now one of the most expensive lines on a firms’ business insurance policy.
Taxes August 3, 2023
The report found that required tracking documents, such as Forms 3210, Document Transmittal, are not included with these shipments and/or not prepared properly.
Taxes July 13, 2023
This marks the eighth year that the Security Summit partners have worked to raise awareness about these issues through the "Protect Your Clients; Protect Yourself" campaign.
Accounting July 3, 2023
Firms need to consider technology as an opportunity – not a challenge - to help drive efficiency and overcome their top five talent-related challenges.
Advisory June 28, 2023
By now, most tax preparers are aware they need to comply with the FTC Safeguards Rule and IRS Publication 4557. Failure to do so could result in stiff penalties.
June 21, 2023
It only takes one breach to destroy a firm’s good reputation, and breaches are stressful and costly to remediate. Plus, most firms cannot afford the possible FTC penalties for non-compliance.
Accounting June 20, 2023
Practitioners who fall under the ruling may be subject to an investigation by the FTC which could result in steep penalties and fines for not complying - up to $43,000 per day.
Accounting June 14, 2023
While primarily targeted at companies maintaining more than 5,000 client records (think tax returns), certain safeguard components are required for firms with fewer than 5,000 records.