October 2019 Article Archives

Association Launches Connect Experience

Association Launches Connect Experience

Published October 18, 2019

CPAFMA is excited to launch Connect, one of the most powerful member benefits CPAFMA has ever had.  It is your connection to an incredible resource – colleagues who share your challenges, uncertainties and successes.  We know the value that CPAFMA members put on networking and educational opportunities we provide through our conferences, local and regional chapter events and online and on-demand programs throughout the ...

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Leadership Institute 2.0 Launched

Leadership Institute 2.0 Launched

Published October 18, 2019

Firm managers are called to be leaders – by the best traditions of the accounting profession, by standards of professional responsibility, and by the expectations of the communities in which they work and live. And yet, until recently, there has been little attention given to leadership training for those responsible for the day-to-day management of CPA firms as they enter the profession and begin to develop the skills necessary for their ...

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IRS Adds Security Requirement to W-12 PTIN Application and Renewal Form

IRS Adds Security Requirement to W-12 PTIN Application and Renewal Form

Published October 21, 2019

This article first appeared on CPAPracticeAdvisor.com. The IRS recently released the updated W-12 (PTIN Application Renewal) form and one of the questions that preparers will need to take note of is #11-Data Security Responsibilities which states: “As a paid tax return preparer, I am aware of my legal obligation to have a data security plan and to provide data and system security protections for all taxpayer information. Check the ...

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"Think Security First": Password Best Practices

"Think Security First": Password Best Practices

Published October 18, 2019

According to Verizon’s Data Breach Investigations Report, 81% of cybersecurity breaches were facilitated by compromised user credentials.  This means that the user’s password was somehow acquired and utilized by hackers to access the organizations network, making “good password practices” a priority for firm managers to highlight in the firm’s security training. According to Neal O’Farrell’s book ...

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