Cybersecurity should be a top concern for accounting firms. There are countless cybersecurity tools and best practices to help mitigate the effects of a data breach and the impact they may have on accounting firms. Accountants, in particular, must prioritize cybersecurity as an on-going process as opposed to a one-time item that, once completed, does […]
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How Accountants Can Keep Up with Cybercrime
Cybercrime should be at the top of the list of threats to any business, regardless of size. Accounts, who are responsible for the security of their own data as well as the financial data of their clients, need to recognize cybersecurity as a daily action item. Because accountants are responsible for sensitive client information, they […]
Accounting Profession Disruption
In the ’90s, the Internet exploded with the introduction of the web browsers, Apple was a struggling company, Google didn’t have a website while Yahoo was the king of search, and AOL inundated mail slots with CDs to keep its stranglehold on email. In the 2000s, BlackBerry was king of the smartphone, only to be […]
Reporting of Potential Claims: Understanding Your Policy
The question is often raised, what constitutes a “reportable incident” to my insurance carrier? To answer this one should review the specific language in your professional liability (aka. errors & omissions) policy. Each insurance policy is different. Only your specific policy can provide you with the conditions, definitions, and provisions relevant to your scenario. The […]
Social Media in the Workplace
This information was developed by Kaufman Dolowich Voluck, LLP and is reproduced with the direct permision of Philip Voluck, Esq., Managing Partner. The expansion of Social Media, both in and outside of the workplace, impacts how professionals run their business, market their services, hire applicants, and manage their employees. The law firm of Kaufman Dolowich Voluck summarizes […]