Revolutionizing Finance: How Data Analytics Accounting is Transforming the Industry Navigating the intersection of data analytics accounting can be complex. This article cuts through the complexity to deliver the essentials of how data analytics is revolutionizing accounting work – from forecasting and risk management to fraud detection. Discover the key tools and strategies that are…
Navigating New Waters: How Accounting Firms Can Capitalize on Compliance Demands The Corporate Transparency Act (CTA) presents an unprecedented opportunity for accounting firms to broaden their service offerings. This new legislation, affecting millions of small U.S. businesses, introduces Beneficial Ownership Information (BOI) reporting requirements. Accounting firms are well-positioned to leverage this by educating themselves and…
Risk Assessment It is a new year and that often can trigger some annual activities that now need to be revisited, or completed for the first time. One thing we see more and more insurance and vendor requests for is a risk assessment. Risk assessments are often to be made out to be complicated processes…
What is Cyber Security Training? Definition, Benefits, and Importance In an increasingly interconnected world, protecting sensitive data and preventing cyber attacks are crucial for businesses and individuals alike. Cybersecurity is no longer a luxury but a necessity. So, what is cyber security awareness training, and how can one stay ahead of the curve and ensure…
An Essential Guide to Cyber Security Audit Checklist in 2023 In today’s interconnected world, cyber security is more crucial than ever. With the increasing number of cyber attacks and data breaches, businesses must stay vigilant and proactive in protecting their valuable assets. A comprehensive cyber security audit checklist plays a vital role in identifying and…
The Future of Artificial Intelligence in Accounting As accountants, CPAs and industry experts, we are constantly striving to stay ahead of the curve. As technology advances, so too do our strategies for staying relevant in an ever-changing marketplace. Nowhere is this truer than when looking at the impact of artificial intelligence (AI) on accounting—an industry…
The Future of Accounting: Automation and AI As accounting professionals, it’s no secret that times are rapidly changing. With advances in technology and the emergence of automation, Artificial Intelligence (AI), and other new innovations, it’s essential to stay on top of these exciting developments so you can make sure your own accounting firm* is prepared…
Performing an annual security risk assessment is critical for small businesses for several reasons. A security risk assessment is a comprehensive review of an organization’s security posture, including its systems, processes, and policies, to identify potential risks and vulnerabilities that could be exploited by cyber attackers. Here are some key reasons why small businesses should…
What is 2-factor authentication? Two-factor authentication is when an additional “factor” is required for you to login to a system other than just a password. This is typically a numerical code sent to either a text message or email. It can also be done via a phone call or a mobile app. These solutions can…
Today we are going to talk about cyber insurance. What is it and do you need it. Cyber Liability insurance is used to provide financial assistance in the event of a cyber-attack. Often your general liability insurance policy or professional liability will contain some basic cyber liability coverage but with the increased risks and potential…