MASTERCLASS
Complying with IRS Publication 4557 and FTC Safeguards Rule: Step-by-Step Guidance for Firms of all Sizes
- Randy Johnston, CPA, K2 Enterprises
- Dawn Brolin, CPA, CFE, Powerful Accounting, Inc
- Steve Perkins, CIO, HoganTaylor LLP
- Andrew Lassise, CEO, Tech4Accountants
The FTC Safeguards Rule moved into the “penalty phase on” June 9, 2023. Under the Rule tax preparers, and firms providing services of a financial nature to clients, must implement security plans to protect client data. Failure to do so may result in an FTC investigation including possible stiff penalties.
Combatting today’s cybercriminals takes knowledge, good technology, and training for staff, because data thefts at tax professionals’ offices are on the rise. The requirements are outlined in various publications, including IRS Publication 4557. Any professional who holds a PTIN falls under the Pub 4557 requirements.
The best way for firms to demonstrate compliance with both IRS Pub 4557 and the FTC Safeguards Rule is with a Written Information Security Plan (WISP).
In this 120-minute self-paced Master Class, participants receive expert-led instruction plus over 20 downloadable and editable templates, policies, and guidelines designed to help them quickly create and roll out their WISP.
Major Topics:
- Learn about the required security and privacy standards under both IRS and FTC Regulations
- Understand exactly how firms need to protect client data
- Explore the key roles that staff and clients play in keeping data safe
- Discover security “holes” present in most firms – and learn how to patch them
Learning Objectives:
- List examples of basic security steps and how to take them
- Identify the signs of data theft and how to report data theft
- Discover the key steps firms need to take to complete and roll out their WISP
- Leverage templates, policies and guidelines to actually complete the firm’s WISP
Field of Study: Information Technology / Practice Management
Prerequisites: Basic knowledge of tax return preparation processes and cybersecurity issues
Level: Intermediate
Advanced Preparation: None
“The guide and forms are gold to my office. Thank you!”
Meet the Instructors
Randy Johnston, CPA
Dawn Brolin, CPA, CFE
Steve Perkins, CIO, HoganTaylor LLP
Andrew Lassise, CEO
“Eric Green is one of the top tax lawyers in the country. His in depth knowledge along with his ability to make the subject simple makes this guide an indispensable reference for my practice. The guide is clear and concise, and I just loved the client stories! Accountants everywhere will want this Guide in their library.”
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