Over 9 billion data records have been lost or stolen since 2013. With a frequency of almost 5.5 million records exposed every day, it is no longer a question as to whether your firm has been compromised, but more a question of when it will happen. Are you ready? Do you have the cybersecurity knowledge and auditing skills to prevent or mitigate the next big breach? In the first half of this program, you will learn the basics of cybersecurity awareness and safeguarding sensitive data, how to address cybersecurity threats within your firm, and how to use AICPA best practices to manage and obtain assurance of cybersecurity risks. By its conclusion, you will know how to address cybersecurity threats with reasonable assurance in audit engagements.
In the second half, the program will provide guidance and recommendations pertaining to providing attest and non-attest services to clients who are using QuickBooks, to help ensure effective and efficient client services while complying with performance standards (in attest), due professional care, and safeguarding confidential and cyber information.
DESIGNED FOR
CPAs within firms that provide audit, tax, financial statement compilation, and/or consulting services. CPAs within large companies who consult with IT service organizations.
BENEFITS
- Explain the cybersecurity threat landscape and its economic costs
- Identify state regulatory and legal rules related to cybersecurity
- Apply the core principles of cybersecurity awareness to limit cybersecurity risk
- Describe the AICPA’s cybersecurity risk management framework and CPA responsibilities
- Understand the requirements to provide reasonable assurance related to third-party consultants and cloud providers
- Educate the firm and clients on cybersecurity basics, risk management, and best practices
- Identify strategies to ensure compliance with objectivity and independence (when required by attest engagement) while working with client QuickBooks
- Implement accounting assist and support services to add value to client services while preserving integrity of ethical conceptual framework (the dangers of management participation)
- Implement controls and procedures to ensure confidentiality of client information and mitigate risks of cybersecurity issues when working with either desktop or remote online versions of QuickBooks
HIGHLIGHTS
- Ransomware
- Identity theft
- Social engineering attacks
- Safeguarding taxpayer data
- Security protections in SOC 3® reports
- AICPA’s PCPS Cybersecurity Toolkit
- AICPA Professional Code of Conduct Disclosing Information to a Third-Party Service Provider (1.700.040)
- What are the best practice recommendations to ensure QuickBooks accounting support services do not impede financial reporting engagements
- How to effectively provide the new preparation services with QuickBooks
- What are valuable nonattest practice services to provide using QuickBooks
- How to best use QuickBooks online (QBO) and still maintain security of information and data
- How to provide audit and/or review financial statements when also providing the client nonattest QuickBooks accounting support services
- How to ensure compliance with the AICPA Code of Conduct conceptual framework for objectivity and integrity, and for independence (when required) in client services involving QuickBooks
COURSE LEVEL
Intermediate
PREREQUISITES
Web browsing and email experience.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your
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