Deciding on the best audit approach isn’t a cookie-cutter process. While a long-standing relationship with a client or in-depth industry knowledge can give auditors a leg up, defining an effective audit approach requires careful consideration and planning for every engagement.
The one constant of technology is that it’s always changing. Keeping up with emerging technologies and tech lingo can be an overwhelming task. That’s why we pulled together this glossary to help you better understand 12 of the most common and popular tech terms you’ll hear about in the business and CPA world.
CPAs are trained to be methodical. They know how to break down assignments into smaller tasks to complete projects on time and within the established budget. That’s why they are perfect to work on complex projects that involve implementing technologies, especially on an accelerated schedule.
You walk into work in the morning and boot up your computer to find a message that your network has been taken hostage. The captors say you need to pay them bitcoin within the next 24 hours or else. When the operation and finance of your business hangs in the balance, this can be a nerve-racking experience, especially if you have never faced it before. You followed the advice on what to do to secure your network, but the worst has still happened — so what now? Hopefully, as part of your technology risk management plan, you have purchased cyber liability insurance.
Cybersecurity has been linked to computer use from the first day hackers made an appearance. The coronavirus pandemic has changed the thread of the security conversation like never before. Though remote computing has existed for decades, what was essentially a trickle of workforce participation has turned into a waterfall. With a large workforce operating outside the traditional office, it’s worth reviewing cybersecurity issues from outside the office walls before turning inward.
For many, the holiday season is a time to look back and reflect on the year gone by – and what a year it was! But it is also a time to look forward, to plan, and to consider how we can do better in the coming year. Often, this results in making resolutions for the new year, and in that spirit, let us consider five technology resolutions that you might consider adopting for 2021.