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AAFCPAs Enhances Consulting Expertise in Cybersecurity, IT Systems, Business Process, and Performance Controls

AAFCPAs Enhances Consulting Expertise in Cybersecurity, IT Systems, Business Process, and Performance Controls

Due to growth in client demand, AAFCPAs expands its Business Process & IT Advisory Practice with the addition of two deeply experienced Managers: Dawn Pantano, CPA, CITP, and Mr. Anderson, MCSE, CCNP, CISSP. Dawn and Mr. Anderson are highly regarded for their expertise in IT security, business continuity, and selecting and deploying key business applications and technologies to meet corporate objectives, and drive productivity. These valuable additions present AAFCPAs’ clients... continue reading

People, Processes, and Systems Will Lead CFOs to a Right-Sized Finance Department

People, Processes, and Systems Will Lead CFOs to a Right-Sized Finance Department

A strong economy brings a breadth of opportunities for growing businesses, and there is no doubt that Boston has been enjoying an upward trajectory for some time.  Indeed, the labor market in our region has far outpaced the country’s average year over year employment growth, and is among the top metropolitan areas when it comes to recent gains. It is an exciting environment, but one that presents unique challenges for... continue reading

Behind Every Thriving Organization is a High-Functioning CFO

Behind Every Thriving Organization is a High-Functioning CFO

AAFCPAs’ inaugural report uncovers key issues for CFOs Boston, Mass. (October 30, 2017) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, and business & IT advisory solutions, today announced the results of its inaugural CFO survey. The results are captured in AAFCPAs’ report, “Behind Every Thriving Organization is A High-Functioning CFO.” The report, conducted in collaboration with The Boston Chapter of Financial Executives... continue reading

Installing Patches Immediately Helps Protect Your Organization from Cyber Vulnerabilities

Cyber criminals often exploit known or not yet known vulnerabilities of the Operating System and/or other critical systems, such as a web server or a database, in order to penetrate your network/systems. In the recent WannaCry attack, hackers exploited the Microsoft Windows Server Message Block protocol and encrypted data demanding ransomware. There was a patch that Microsoft had provided but thousands of systems around the world had not yet installed... continue reading

AAFCPAs Guidance in Response to Equifax Data Breach

As you may be aware, Equifax, one of the United States’ three major consumer credit reporting agencies has been breached, and personal information of approximately 143 million Americans has been compromised. Information, including: names, social security numbers, birth dates, addresses and driver’s licenses, stored in Equifax’s databases have been stolen. Additionally, credit card numbers for about 209,000 people were exposed, as was “personal identifying information” on roughly 182,000 customers involved... continue reading

Best Practices for Complying with HIPAA & Safeguarding Patient PHI Accessible to Your Business Associates

Healthcare is predicted to be the most targeted industry for cyberattacks in 2017, according to the 2017 Data Breach Industry Forecast from Experian.   “Electronic health records remain likely to be a top target for hackers,” Experian found. To further heighten & complicate these risks, providers’ responsibilities for protecting personal health information (PHI) under the Health Insurance Portability and Accountability Act (HIPAA) extend to certain vendors, referred to as “business... continue reading

Measures to Protect Against Malicious Ransomware

In the wake of the recent, global WannaCrypt ransomware attack, which crippled thousands of computers in more than 200,000 organizations and 150 countries, AAFCPAs would like to remind clients of the critical importance of taking measures to protect against malicious cyber-attack. What is ransomware and WannaCrypt? Ransomware is a malicious software that locks a device, such as a computer, tablet or smartphone and then demands a ransom to unlock it. ... continue reading

Fraud in the News Emphasizes the Need for Segregation of Duties

Recent news headlines expose several financial accounting scandals, and AAFCPAs brings these to your attention in an effort to increase awareness and remind clients about the importance of implementing and verifying adequate segregation of duties.  In these stories, embezzlers use their position, their employer’s misplaced trust, and inadequate fraud risk management to defraud these organizations of millions of dollars.  We remind clients to “trust but verify” to safeguard company assets.... continue reading

AAFCPAs to Present Educational Workshops on Fraud Prevention, Revenue Recognition at National Business Officers Conference in L.A. Benefiting Independent Schools

AAFCPAs has been selected to present complimentary educational workshops on two important topics at the National Business Officers Association’s 2016 Annual Meeting in Los Angeles on February 21-24th.  This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent school professionals from across the country. Conducting a Fraud Risk Assessment and Developing Your Fraud Risk Management... continue reading