Advancing in a firm requires aligning with its values, strategic thinking and integrity. True leaders collaborate for collective success, supported by sponsors and coaches who champion their growth.

The potential liability from data being stolen or the network being down is not easily defined as every hack is different. It is best to get ahead of the potential loss and educate your team so that they are better prepared to identify and mitigate threats appropriately.

Accounting firms, particularly smaller ones, should familiarize themselves with the AICPA's new Ethics Interpretations to ensure compliance and avoid impairing independence when offering these non-assurance services to attest clients. These changes will take effect over the next few years.