The Danger Of Not Understanding Blockchain And Its Impact
Analysts project that blockchain can save $15–20 billion annually by 2022 in the financial services industry.
IRS: What to Know About 5071C Letters and the Online Identity Verification Process
The IRS wanted to give you an update on our efforts to determine who filed a suspicious tax return. In some cases, we will send Letter 5071C to certain taxpayers and ask the them to use an online identity verification process. Taxpayers always...
IRS Security Summit urges tax pros to protect their identification numbers: EFINs, PTINs, CAF numbers
The Internal Revenue Service, state tax agencies and the tax industry today urged tax practitioners to maintain and monitor their Electronic Filing Identification Numbers (EFINs) and Centralized Authorization File (CAF) numbers to help safeguard...
Forbes: The Danger of Not Understanding Blockchain and Its Impacts
The press surrounding the wild ride of Bitcoin’s valuation mostly misses the larger story of blockchain, the transformational technology that underpins Bitcoin. Companies that work to stay ahead of consumer and client expectations appreciate the...
DRS Warning: CT Taxpayers sent phony tax email bills for Amazon, NewEgg purchases
Connecticut taxpayers are warned by the Department of Revenue Services (DRS) not to open, make a payment or reply to email or any other communication claiming to be a tax bill for Amazon and/or NewEgg purchases. The email directs the tax payment...
Marcum Launches Robotic Process Automation Service for Clients
Marcum announced that it has launched a new service utilizing “bot” technology to automate repetitive manual processes and streamline many data-driven functions for its clients. Marcum’s new Robotic Process Automation (“RPA”) Service leverages...
Four new opportunities blockchain could create for auditors
Not sure what blockchain is? Don’t worry, you’re not alone. It’s a digital, distributed ledger that contains every transaction since its creation.
Information Technology Company To Open Hartford Hub
Infosys, a global consulting and information technology services company, will be opening one of its four innovation hubs in Hartford and promises to create 1,000 jobs before 2022.
Connecticut CPA Magazine Feature: Cybersecurity Risk Reviews - A Practical Approach to Protecting Your Organization
By Jarrett Meiers, Director, Strategic IT Services, Blueprint Essential, a Division of Reynolds + Rowella
Rick Richardson, CPA/CITP, CGMA Featured in Journal of Accountancy's Blockchain, AI Podcast
With the accounting profession on the brink of tremendous change from blockchain, artificial intelligence, and automatic, the Journal of Accountancy pulled together a panel of three experts for a podcast discussion on "How AI, blockchain, and...

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    Connecticut CPA magazine feature
Blockchain Brings Exponential Disruption, Growth Potential to Accounting

By Geoff Hopkins, Director, Technology and Management Consulting, RSM

Distributed blockchain was conceptualized and put into practice as a public and peer-to-peer autonomous ledger. As the core component of bitcoin, it immediately solved a digital currency double spending problem without a trusted authority or central administrator.


  Connecticut CPA magazine feature
Client Data Is a Virtual Treasure Trove:
Why CPA firms must be vigilant about cybersecurity

By Mark R. Torello, CPA, CFE, CISA; Chair, CTCPA Technology Interest Group

Because CPA firms have access to a virtual treasure trove of data, we’re vulnerable to hackers and, therefore, held to higher levels of compliance requirements at both the state and federal levels. As accounting professionals, we should embrace these laws, because standardization and guidance are good for our industry and our clients. However, the myriad cybersecurity-related laws can be challenging to navigate.

    Risk Alert – Social Engineering for CPAs

As with many fraud schemes perpetrated against accounting professionals, social engineering has obtained a greater level of sophistication. This development has arisen in response to increased awareness and vigilance of such schemes. Recent variations of the schemes have emerged to create a stronger appearance of legitimacy.



Cybersecurity: A top concern among accounting professionals
The latest facts, court rulings, and new regulations

Stan Sterna, JD, Vice President, Risk Management, Aon Insurance Services

Safeguarding your clients’ nonpublic information from cyber-criminals is a top priority for CPA firms. In fact, the latest data breach statistics from RSA Security show an alarming increase in the number of exposed consumer records across industries:

  • 4,149 reported breaches exposing 4.2 billion records
  • 53% of all breaches resulted from hacking by outside sources
  • 91% of all breaches were electronic, as opposed to stolen hardware



Creating a Disaster Plan to Ensure Your Company’s Security

By Paul C. Ursich, CPA, and Robert Risk, Wiss & Company LLP

When it comes to defending your enterprise from undefined catastrophes, traditional disaster recovery tactics are no longer adequate. If cyber terrorists seize your company’s critical information, or if human error or natural disasters erase your company’s data, your resources cannot be swiftly returned by outdated recovery methods.