In this episode of Risky Records, I spoke with Konrad Martin, CEO of Tech Advisors and former 25-year CPA veteran, about compliance, emerging cyber risks, and what your accounting firm can do to stay ahead of threat actors. The Gramm-Leach-Bliley Act (GLBA) originally applied primarily to the financial services industry, but recent Federal Trade Commission […]

As CPAs navigate an evolving landscape, understanding CPA trends will be crucial to staying competitive and providing value to clients. Read on for 2025’s top CPA trends, highlighting the impact of the expiring Tax Cuts and Jobs Act (TCJA), the dangers and opportunities of technological advancement, and increasing business costs. The expiration of the Tax […]

AI continues to dominate the cybersecurity outlook for 2025. AI is a double-edged sword, generating new risks and methods of countering those risks. Threat actors utilize AI to develop more sophisticated phishing attacks, deepfakes, adaptive attacks, and adversarial AI attempts. Palo Alto Networks, a leading technology vendor, predicts that by 2026, almost all cyberattacks will […]

Workplace discrimination continues today as the corporate approach to diversity, equity, and inclusion is in flux. In recent years, American businesses have ramped up their Diversity, Equity, and Inclusion (DEI) initiatives to combat racism in the workplace. Organizations appointed DEI executives, changed their hiring practices, and introduced new training programs aimed at: The U.S. Equal […]

The Uniform Accountancy Act (UAA) sets the foundation for CPA licensure requirements across the United States. These uniform standards provide consistency while allowing CPAs to practice in any state with just one state license. Recently, the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) released a proposed update […]

Environmental, Social, and Governance (ESG) initiatives have been increasing in popularity since the United Nations introduced the idea in 2004 to assess companies’ environmental impact and corporate responsibility. Today, the public and ethical investors are increasingly concerned about a company’s impact on society and the environment, with demand for ESG assets set to reach $53 […]

October is Cybersecurity Awareness Month, making it the perfect time for companies to focus on their readiness against a cyber-attack. Robust cybersecurity is increasingly important as cybercrime methods become more discreet, efficient, and powerful. This blog outlines the components of a comprehensive cybersecurity assessment that evaluates existing processes, identifies weaknesses, and helps keep organizations compliant […]

In this episode of Risky Records, we look at the role of client communication in risk management for accounting professionals. Our guest, Joe Jones, Vice President of Risk Management Services at Travelers Insurance, offers valuable insights into how thorough documentation and clear communication with clients can significantly reduce the risk of claims. Joe shares his […]

In this episode of Risky Records, we discuss engagement letter creep and managing expectations. My guest, Anthony Carolei, Risk Manager for Hanover Insurance, shares a compelling story about how engagement letter creep led to a claim against an accounting firm. Anthony highlights the importance of using risk management tools to mitigate legal exposure, incorporating protective […]

Disclaimer: The following article is not intended to replace legal advice. Always seek the opinion of a certified attorney to address the specifics of an individual case and learn about recent legal developments. Navigating the complexities of workplace training, particularly on sensitive topics like sexual assault, can be challenging for both employers and employees. It […]