The Gramm-Leach-Bliley Act (GLBA), which was first released in 1999, requires Accounting Firms to implement specified security plans to protect client data. The consequence of not doing so could result in a Federal Trade Commission (FTC) investigation. The IRS is...
“We regret to inform you, but your financial data might have been stolen.” It’s a scene straight out of your worst nightmare. It’s something that giant auditing firm Deloitte and a small Connecticut-based accounting firm had to deal with when they were hacked. Data...
“Nothing is certain but death and taxes” — so the old proverb goes. However, for many accountants, the meticulous work that goes into preparing their clients’ tax returns can oftentimes feel like death. With Americans spending a whopping 6 billion hours...
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