4 tagged with "Risk Assessment"
Assess financial risks and implement mitigation strategies
Segregation of Duties With Three Employees: Preventing Embezzlement at Small Businesses
The median fraud at a company with fewer than 100 employees costs $141,000. This guide explains how to apply segregation of duties — separating authorization, custody, recordkeeping, and reconciliation — and use compensating controls when you have only three employees.
The 2026 WISP Playbook for Tax Pros and Bookkeepers: Building an FTC Safeguards Rule-Compliant Data Security Program Without a CISO
A 2026 guide for solo tax preparers and small bookkeeping firms to build a Written Information Security Plan that satisfies the FTC Safeguards Rule's nine elements, the IRS PTIN attestation, and the 30-day breach notification requirement — using IRS Publication 5708 as the scaffold and a 90-day rollout.
PCAOB QC 1000 and AICPA SQMS No. 1: What Small CPA Firms Must Implement Before December 2026
Small CPA firms must implement PCAOB QC 1000 by December 15, 2026, alongside AICPA SQMS No. 1, already effective since December 2025. A practical guide to the eight components, four required roles, Form QC reporting, and a five-phase plan to reach compliance.
Beyond Balance Sheets: How AI is Revolutionizing Transaction Confidence Scoring in Plain-Text Accounting
Intelligent transaction validation is reshaping financial data accuracy. Learn how AI-powered confidence scoring enhances plain-text accounting systems like Beancount, transforming them into advanced fraud detection tools while balancing automation with human oversight.