How to prepare for GDPR with days to go
One of the most significant changes to data privacy rules in a generation will take effect 25 May, and very few businesses are truly ready for it. Only about 15% of EU-based companies surveyed by Deloitte last year think they’ll be fully...
New IRS online tool offers expanded access to information on tax-exempt organizations
The Internal Revenue Service today introduced a new online tool on IRS.gov designed to provide faster, easier access to publicly available information about exempt organizations. "This new tool provides taxpayers an easy way to get information...
Future of Finance: Humans and Machines Unite
73% of surveyed finance leaders said they believe automation is improving their function’s efficiency and giving employees more bandwidth for value-added tasks.
Why CPAs and firms should see artificial intelligence and machine learning as an opportunity, not a threat
The robots are not just coming, they are already here.
Small businesses should guard against tax-return identity theft
The IRS on Thursday issued a warning to employers and small businesses to beware of growing attempts by cybercriminals to target businesses to obtain the business’s and employees’ information. These criminals then use the stolen...
Wayfair Case Not ‘Slam-Dunk’ States Hoped For: Tax Group Official
The pending digital sales tax case before the U.S. Supreme Court may turn out to be an example of being careful what you hope for, a Multistate Tax Commission attorney said. “Most of us on the state tax side came in thinking, this is a...
Automation in Finance: Get Your Team Ready
Emerging technologies like artificial intelligence and blockchain will radically transform how companies view and perform finance and accounting functions in the very near future. Some global companies and large banks are already automating...
14 Resume And Interview Mistakes Technology Professionals Need to Avoid
Top technology talent may be in high demand, but that doesn't mean IT job seekers can skate through the application process. In a survey conducted by staffing firm Robert Half Technology, CIOs shared what they consider to be deal breakers when...
Blockchain: The Future of Record-Keeping
One of the greatest perceived issues for accountants in a technological landscape reshaped by the forces of blockchain is just that – a perceived issue. The perception stems from the fact that blockchain is often referred to as a distributed...
Omnibus spending bill has millions to strengthen CT voting system against cyber attacks
The massive omnibus spending bill President Donald Trump signed into law Friday contains $380 million — including up to $5 million for Connecticut – to protect digital voting systems from cyberattacks.

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    Connecticut CPA magazine feature
Blockchain Brings Exponential Disruption, Growth Potential to Accounting

By Geoff Hopkins, Director, Technology and Management Consulting, RSM

Distributed blockchain was conceptualized and put into practice as a public and peer-to-peer autonomous ledger. As the core component of bitcoin, it immediately solved a digital currency double spending problem without a trusted authority or central administrator.

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  Connecticut CPA magazine feature
Client Data Is a Virtual Treasure Trove:
Why CPA firms must be vigilant about cybersecurity

By Mark R. Torello, CPA, CFE, CISA; Chair, CTCPA Technology Interest Group

Because CPA firms have access to a virtual treasure trove of data, we’re vulnerable to hackers and, therefore, held to higher levels of compliance requirements at both the state and federal levels. As accounting professionals, we should embrace these laws, because standardization and guidance are good for our industry and our clients. However, the myriad cybersecurity-related laws can be challenging to navigate.

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    Risk Alert – Social Engineering for CPAs

As with many fraud schemes perpetrated against accounting professionals, social engineering has obtained a greater level of sophistication. This development has arisen in response to increased awareness and vigilance of such schemes. Recent variations of the schemes have emerged to create a stronger appearance of legitimacy.

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Cybersecurity: A top concern among accounting professionals
The latest facts, court rulings, and new regulations

Stan Sterna, JD, Vice President, Risk Management, Aon Insurance Services

Safeguarding your clients’ nonpublic information from cyber-criminals is a top priority for CPA firms. In fact, the latest data breach statistics from RSA Security show an alarming increase in the number of exposed consumer records across industries:

  • 4,149 reported breaches exposing 4.2 billion records
  • 53% of all breaches resulted from hacking by outside sources
  • 91% of all breaches were electronic, as opposed to stolen hardware

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Creating a Disaster Plan to Ensure Your Company’s Security

By Paul C. Ursich, CPA, and Robert Risk, Wiss & Company LLP

When it comes to defending your enterprise from undefined catastrophes, traditional disaster recovery tactics are no longer adequate. If cyber terrorists seize your company’s critical information, or if human error or natural disasters erase your company’s data, your resources cannot be swiftly returned by outdated recovery methods.

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