Tax season is the busiest time for certified public accountants (CPA’s) and hackers alike. While companies wonder how CPA’s can stay safe during tax season, hackers wonder how to get their data. This makes tax season the most critical time for any CPA to protect their client data. Accounting systems have different ways to secure […]
Tag Archives: cloud accounting
It seems like every other day now institutions big and small are experiencing some form of cyberattack. With the growing emergence of remote work solutions last year, businesses had to adapt to the need for flexibility for the their teams. Unfortunately, this came with a lot of security concerns about vulnerabilities. Local governments, banking institutions, […]
Last year’s pandemic has impacted nearly every business in the country. Now, accountants might find themselves wondering how to create a secure work environment for themselves and their clients. The needs of your clients are changing and so is the industry. Furthermore, new regulations created as a consequence of COVID-19 are affecting business practices. With […]
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 […]
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 […]
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 […]
