What's the difference between a private and public blockchain?
Blockchain is forecast to transform many industries by providing fast, verifiable transfer and tracking. At its core, blockchain is a distributed ledger that records transactions between every user in the chain. Although it’s commonly regarded...
The required step before AI and blockchain
Artificial intelligence, machine learning, and blockchain are buzzwords in the accounting world these days, and with good reason. After all, these revolutionary technologies appear poised to supplant many of the tasks and business practices that...
Kask shepherding BlumShapiro into technical age
At BlumShapiro, the largest New England-based accounting shop by revenue, advances in technology are adding new capabilities and shifting how the company does business, Chief Executive Officer Joseph Kask said during a recent interview at the...
Why Technology Won't Hurt Client Relationships
For years, accountants have worried that advances in technology will erode the relationship they have with their small business clients, but new research indicates that most actually plan to grow their relationship with their accountant.
Cybersecurity and data protection are about service, not fear
“Data security is an opportunity to make your practice stronger and do more for your clients,” he told an audience of CPAs during a session on cybersecurity at the 2018 Illinois CPA Society Summit, held in Chicago this week.
Technology issues to consider in lease accounting
With the new Financial Accounting Standards Board (FASB) lease accounting standard — Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), many companies are grappling with the transition mechanics and discovering their current...
CT cybersecurity czar continues to sound the alarm
His message is that we're not safe and most government agencies and industries aren't taking the requisite, sometimes costly steps to decrease the odds of an attack.
XBRL Costs for Small Companies Have Declined 45%, According to AICPA Study
The American Institute of CPAs (AICPA) and XBRL US have found that the cost of XBRL formatting for small reporting companies has declined 45 percent since 2014, according to an updated pricing survey. EXtensible Business Reporting Language (XBRL)...
Blockchain, machine learning, and a future accounting
The inventor of bitcoin and blockchain technology goes by the name Satoshi Nakamoto. Though Nakamoto claims to be a Japanese man born in 1975, most experts believe Nakamoto is a pseudonym. Some have gone so far as to theorize that Nakamoto isn't...
Remember Overstock? It's basically a crypto company now
Overstock is going all in on blockchain and cryptocurrencies.

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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.


  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.

    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.



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



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.