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Year in review: The Top 10 Insights from 2018

Year in review: The Top 10 Insights from 2018

2018 was a big year for finance professionals, with monumental changes in tax code & accounting rules, and other significant challenges & opportunities affecting commercial businesses, nonprofits, and individuals & their families.  Below are AAFCPAs’ most widely-read news alerts & insights in the past year: AAFCPAs’ 2018-2019 Tax Planning Guide for Businesses & Individuals Financial and Estate Planning Opportunities Related to the New Tax Law Whitepaper: Guidance on the New... continue reading

AAFCPAs to Present Workshop on Internal Controls & IT Countermeasures to Mitigate Risks

AAFCPAs’ Vassilis Kontoglis and David Kelleher will present an educational workshop on Best Practices in Internal Controls and IT Security to assist in mitigating risk at The Massachusetts Association of Early Education & Care (MADCA) Administration and Management Conference, in Worcester, MA on November 28th. Risk Management requires continuous improvement, and organizations must stay vigilant, and learn & adapt over time. In this interactive session, AAFCPAs will highlight critical risk... continue reading

AAFCPAs Wealth Management Advises Clients to Pursue Lines of Defense in Protecting Your Credit

AAFCPAs Wealth Management Advises Clients to Pursue Lines of Defense in Protecting Your Credit

Approximately 1 in 2 Americans had their personal information compromised as a result of a 2017 data breach at Equifax, and as a result are now at an increased risk for identify theft and financial fraud. Identify theft is an increasing problem for all people. In response, Congress initiated a new credit freeze law protecting consumers. This law went into effect on September 21, 2018. The new federal credit freeze... continue reading

AAFCPAs to Lead System and Organization Controls (SOC) Reporting Forum for PrimeGlobal, National CPA Firm Association

AAFCPAs’ James Jumes, MBA, M. Ed has been selected to lead the North American System and Organization Controls (SOC) Reporting Special Interest Group (SIG) for PrimeGlobal, an international association of independent accounting firms. James is uniquely qualified to lead this national SIG, which will serve as a forum for peers to share their interpretations and implementations of these complex attestation standards (Standards for Attestation Engagements No. 18 “SSAEs 18”), as well as... continue reading

AAFCPAs Earns SOC for Cybersecurity Services Certificate

AAFCPAs Earns SOC for Cybersecurity Services Certificate

AAFCPAs’ Partners James Jumes, MBA, M.Ed. and Robin Kelley, CPA, CITP, CGMA, CSPM, CCSFP have earned the System and Organization Controls (SOC) for Cybersecurity Certificate issued by The Association of International Certified Professional Accountants (AICPA). SOC for Cybersecurity is a new entity-wide cybersecurity audit that allows organizations to voluntarily report on their cybersecurity management programs to internal and external stakeholders with credibility. Companies are under increasing pressure to manage cybersecurity... continue reading

AAFCPAs’ Business Process & IT Advisory Practice to Present Cyber Security Session to National Jewish Cemetery Association Members

Vassilis Kontoglis, manager in AAFCPAs’ Business Process & IT Advisory practice, will present an educational workshop at the 10th Annual Jewish Cemetery Association of North America (JCANA) Conference scheduled for June 4th – 10th, 2018.  The theme of this year’s Conference is “Bringing Jewish Cemeteries into the 21st Century,” and this includes managing risks associated with a new generation of IT security threats. We have entered a new era of... continue reading

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

AAFCPAs Urges Vigilance as Clients Respond to Uptick in Whaling Schemes, Cyber Threats

AAFCPAs would like to make clients aware that within the past two weeks, we have received two accounts from clients reporting their executives have been targeted by sophisticated whaling schemes requesting transfers of money. AAFCPAs would like to take this moment to remind you again of the critical importance of taking measures to protect against malicious cyber-attacks. We encourage you to re-read and share now with your team members our... continue reading

AAFCPAs to Present Educational Workshop on Mitigating Fraud Risks for National Business Officers

AAFCPAs’ John Buckley, CPA, CGMA, along with AAFCPAs’ client Cynthia Fanikos, Chief Financial Officer, Saint John’s Preparatory School (Danvers,MA), will present an educational workshop titled “An Inside Job: Safeguarding Schools by Assessing and Mitigating Fraud Risks with Internal Controls and Cyber Security.” This session is part of the National Business Officers Association’s (NBOA) Business Office NOW: East program, scheduled for November 15-16, 2017 in Boston, MA. Enterprise risk management is not only... continue reading

Data Backup & Recovery Plans Can Protect Your Organization from the Consequences of Ransomware Attacks

Ransomware is one of the most prevalent forms of malicious cyber-attacks facing businesses today. “The advent of new tools that wrap victims’ data with tough encryption technology, hard-to-trace digital currency like Bitcoin, and even online sites that offer to do the data ransoming in return for a piece of the action, have made this method of cybertheft much easier,” reported the NY Times. AAFCPAs advises clients to develop a Data... continue reading