Entrusting financial information is a big decision for any business owner. The COVID-19 pandemic has led to an increase in virtual accounting services, and as a result, it’s more important than ever to ensure that your sensitive information is being handled securely. Many businesses have turned to virtual CFOs or accounting firms during the pandemic, and while this offers convenience and flexibility, it also raises questions about cybersecurity for accounting.
To make sure you’re partnering with the right professional, it’s essential to consider factors such as compliance with regulations and protection against cyber threats. This article will guide you through the steps you can take to ensure trust in your accountant.
Tips When Choosing Your Accountant
Here are a few tips to help you choose the right accountant and ensure the protection of your sensitive information:
1. Check for Compliance
The FTC Safeguards Rule requires financial institutions to have appropriate measures in place to keep customer information secure. Look for an accounting firm who follows these rules and takes their role seriously.
2. Be aware of common cyber threats
Cyber threats are a growing concern for accounting professionals and businesses alike. Common threats include phishing scams, malware, and ransomware attacks. Make sure your accountant is aware of these threats and takes steps to protect against them.
3. Ask for references
Get recommendations from other business owners who have used the services of the accounting firm you’re considering. This can give you an idea of their experience, reliability, and reputation in the industry.
4. Do a background check
Verify the accountant’s credentials and check for any disciplinary actions or complaints.
5. Ask for Security Measures
Make sure you understand what security measures the accounting firm has in place to protect your sensitive information.
In conclusion, it’s important to do your due diligence when choosing an accountant. You need to be confident that your sensitive information will be protected and handled accurately.
If you’re in need of a trusted and compliant accounting and tax advisory firm, consider Today CFO. Our team of experienced professionals is dedicated to providing the highest level of service and expertise, while ensuring the protection of your sensitive information. We are fully compliant with regulations, and we have robust security measures in place to protect your data.
Contact us today to learn more.