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 […]

Fraud is a significant concern for businesses and financial institutions, and understanding what drives individuals to commit these crimes is crucial for prevention. The four-element fraud diamond is one of the most insightful models for explaining the motivations behind fraudulent behavior. Built as an enhancement to the traditional triangular model, it adds a fourth element […]

The agile approach to working has become a cornerstone for businesses that need to be adaptable and respond swiftly to change. The accounting industry is one such sector where frequent updates to laws, regulations, and company policies necessitate adapting to new ways of working with ease. This blog explores the concept of agile accounting, its […]