WISP Required! Key Components in Your Firm’s Written Information Security Plan*
While the FTC Safeguards rule designed to protect financial and PII (personally identifiable information) has been around for decades, as of June 9, 2023, compliance of various components including a WISP became mandatory! While primarily targeted at companies maintaining more than 5,000 client records (think tax returns), certain safeguard components are required for firms with less than 5,000 records such as the use of multi-factor ...
Read More
2023 CPAFMA Digitally Driven Firm Benchmark Survey Findings Released
The CPA Firm Management Association completed its 2023 Digitally Driven (Paperless) Benchmarking Survey in December 2022 to find out the status of digitally driven office practices in member firms for the 2023 busy season. This “paperless” benchmarking survey has been conducted every two years since 2003 to help identify digital trends that member firms are adopting within their practices. This year 126 firms participated in ...
Read More
Seeking Nominations: National Board of Directors
Anyone interested in a position as a Director on the National Board of Directors of the CPA Firm Management Association must complete this Nominee Resume and submit it to the association's headquarters prior to the end of the day on June 1, 2023. Those desiring a position will be contacted by the Nominating Committee Chairperson and/or members of the committee with additional questions and will be required to participate in an interview process.
Read More.png)
Hybrid is Here to Stay: How to be Successful
What does ‘hybrid’ mean?No one thought this would happen—the embrace of hybrid operations. As hybrid operations transform the meaning of the office changes, and professionals are interacting with the office in new ways. For example, 69% of financial services companies expect to allow up to 60% of their staff to work remotely at least one day per week after the pandemic. Prior to the pandemic, only 29% of ...
Read More
How to Nurture Office Culture in the New Hybrid World
Since the pandemic hit, many accounting and advisory firms have had to rapidly pivot to a new way of working. Let’s be clear, firm professionals want to work from home (WFH). 1 in 3 remote workers say they would seek new employment if they were required to return to the office. While there was ample skepticism at first, and a short transition period to get used to a new mode of operating, firms and employees made remote work successful.
Read More