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This is a notice for site visitors
Real Cyber Attacks: FireEye, Major Cybersecurity Firm for Business and Government, Is Hacked FireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that it had been hacked, likely by a government, and that an arsenal of hacking tools used to test the defenses of its clients had been stolen. … Read more
New Security Measures Help Protect Against Tax-Related Identity Theft (IRS) https://youtu.be/ELzTL6hQKQc With more taxpayers and tax preparers working remotely, identity thieves are trying to use COVID-19 to scare and scam people out of their identities or money. Everyone should remember to take basic steps to protect themselves. https://www.IRS.gov/securitysummit
AICPA: Review, Compilation and Preparation Review, compilation and preparation services represent a large portion of many small and medium size firms’ services. Ensure you have the resources needed to execute these engagements. Review, Compilation, and Preparation SSARS 21 Standard Setting Standards Tracker Recently Issued Interpretations Recently Issued Technical Q&As Advocacy Illustrative reviewcompilationProfessional Standards reviewcompilationhttps://www.aicpa.org/interestareas/frc.html and … Read more
IRS to Start Masking Details on Business Tax Transcripts A tax transcript is a summary of a tax return. Transcripts are often used by tax professionals to prepare prior year tax returns or represent the client before the IRS. Lenders and others use tax transcripts for income verification purposes. Nov 13th, 2020 Moving to protect … Read more
81% of Audit and Risk Professionals Believe Risk Will be Unpredictable in 2021 During the executive keynote presentation at Audit & Beyond, attendees were asked questions about the risks their businesses face as a result of the pandemic and looking forward. Responses reveal an evolving risk landscape with a variety of different … Nov 12th, … Read more
New Tax Scam Uses Text Message About Covid Payment The scam text message states: “You have received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action is required to accept this payment into your account. Continue here to accept this payment …” Nov 4th, 2020 The IRS, state tax agencies and the tax … Read more
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