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 ...
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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 ...
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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 ...
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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.
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Michigan Accounting Firms Announce Merger and Maner Hosts 5th Annual Cares Day of Impact
Two Michigan firms will be merging in 2023. Maner Costerisan and Hall & Romkema, PLC recently announced the merger while Maner was appreciated throughout the community for their Maner Cares Day.
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