FTC Checklist for Accountants: Evaluate and Adjust Your ISP
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To make it easy: Accountant Compliance Made Easy: FTC Safeguards Rule Checklist In today’s digital age, protecting sensitive customer information is of utmost importance. The Federal Trade Commission (FTC) Safeguards Rule outlines standards for companies to follow in safeguarding consumer information. One of the key requirements of the Safeguards Rule is to evaluate and adjust […]
Ways for Accountants to Regularly Monitor and Test the Information Security Program (ISP)
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Get the complete guide on Accountant Compliance Made Easy: FTC Safeguards Checklist The Federal Trade Commission (FTC) Safeguards Rule requires that businesses establish and maintain an information security program (ISP) to protect sensitive customer information. This means that accountants, who often handle sensitive financial information, must be diligent in monitoring and testing their ISP to […]
FTC Safeguards Risk Assessment for Accountants
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What is a FTC Safeguards Risk Assessment? A risk assessment is the process of identifying and assessing the risks to customer information in your possession. It involves reviewing the types of customer information you collect, how you collect it, how you use it, how you store it, and how you dispose of it. The goal […]
FTC Safeguards Rule – How to Choose a Qualified Professional
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Intro to Choosing a Qualified Professional With the 2023 FTC Safeguards Rule one of the new requirements is to designate a qualified professional to handle everything related to the ISP (Information Security Program). We will explore how to qualify, and choose the right person / organization to do the job. As a accountant you must […]
Accountants and the FTC Safeguards Rule [2023 Full Guide]
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Forward: If this becomes overwhelming, we have a free definitive guide for accountants to comply with the new 2023 FTC Safeguards Rule You can download here: As an accountant, it is essential to comply with the Federal Trade Commission’s (FTC) Safeguards Rule. The Safeguards Rule is making all accountants follow new regulations and create / […]
A Step by Step Guide to Implementing a Written Information Security Program Template For Tax Preparers
Introduction The written information security program template is a document that outlines the security controls and policies of the organization. The IRS has starting requiring that in order to renew a PTIN that all tax preparers must have a data security plan in place showing how they safeguard taxpayer data. The template should be customized […]