Cloud Services For Accountants is More Important Than Ever As a CPA firm you’re going to have to adjust to this new remote reality. No one expected the lock-down, however firms that operated on the cloud had an advantage over those who hadn’t yet or only did so partially. Many accounting firms learned to understand […]
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Financial firms are in the best position to succeed in a remote environment. Engaging with clients is easier than meeting in person and much of the work can be done regardless of location. Americans are slowly adjusting to working from home. As states begin to ease the quarantine restrictions some companies are declaring permanent remote […]
All CPA firms have sensitive data that should they fall into the hands of cyber attackers, would be a disaster for their business. It could be anything from important personal files and client data, to product information and financial transactions. For that reason, data protection should be a serious consideration for any company. Proper data […]
Cloud for Financial Services Industry Financial cloud services is an evermore popular topic these days, especially with the rising necessity of remote work options. Financial services organizations are moving to the cloud for a competitive advantage, advanced security and the potential for innovation. The global finance cloud market was valued at more than $15 billion […]
What is Compliance? Compliance when dealing with cloud computing can be an issue for those using cloud storage or backup services. When you transfer data from your internal storage to a cloud provider’s you must examine how that data is stored so that you stay in compliance with laws and regulations. Financial cloud computing, for […]
Data Breach in CPA Canada A breach of CPA Canada exposed the personal data of over 300,000 Canadian accountants and stakeholders. According to existing reports, the information pertained to the distribution of CPA Magazine. CPA Canada said credit card numbers and passwords were encrypted and not among the exposed data. The cyber criminals accessed CPA […]
The SBA Was Breached 8,000 small business owners who applied for loans from the Small Business Administration potentially had their personal information exposed last month, admits the agency. The Economic Injury Disaster Loan program (EIDL) offers up to $10,000 to owners currently struggling with their businesses due to the COVID-19 pandemic. Who Is Affected? The […]
The Need For Regulatory Compliance Regulatory compliance is a dull subject. Yet, if your financial institution or business ignores or isn’t aware of it –it could cause problems. Regulatory compliance ensures organizations follow state and federal law, as well as federal standards and procedures. That may sound simple enough, but considering the variety of mandated […]
Background & History of SOX The Sarbanes-Oxley (SOX Compliance) Act of 2002 mostly came about due to a great deal of national attention surrounding several financial and accounting scandals by major corporations in the early-to-mid 2000’s. These corporations, like Enron, Tyco International, AIG, Adelphia, Peregrine Systems, and WorldCom were discovered to have executives within each […]
Cloud Accounting Cloud accounting provides enables efficient execution of tasks that cut down the time spent on client work. This also changes the way your services are measured and billed. Accounting should be understood as a consultation job much like with lawyers. You bill via fixed monthly fees rather than hourly. Cloud accounting automates most […]
