Tag Archives: IT Support For CPA Firms

What is SOC 1 & SOC 2 Compliance?

What are SOC 1 and SOC 2 Reports ? Service organizations, like financial and accounting firms, are required to meet compliance requirements. The two most common compliance frameworks are SOC 1 and SOC 2. But what exactly are they? More importantly, how does SOC I and SOC II work exactly? SOC 1 Service Organization Control […]

Renew Your Tax ID Number & Secure Your Data

The Importance of Data Security It’s time to renew your prepared tax identification number (PTIN) for 2020. A data security responsibilities statement was added to the PTIN renewal process. It was added to keep you aware of your legal obligation to have a data security plan and data protection for taxpayer information. This is due […]

Are You an Accountant? What You Should Know About SOX Compliance

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 […]

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