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K2’s IRS Data Security Requirements for Public Accounting Firms

Course - K2's Biggest Security and Privacy Concerns

Major Topics

Learning Objectives

  1. List security tools and techniques that can help public accounting firms comply with security mandates
  2. Differentiate between various fines and other disciplinary actions imposed for not complying with the mandates
  3. Identify the data security requirements imposed by the IRS and the Federal Trade Commission

Course Description

Data theft at tax professional offices is on the rise. As a result, the IRS and the Federal Trade Commission have strict data security requirements that are meant to protect the clients of accounting firms. This course will list security tools and techniques that can help public accounting firms comply with security mandates. The course will also differentiate between various fines and other disciplinary actions imposed for not complying with the mandates.

Compliance Information

Advanced Preparation

None

Field of Study

Accounting

Credits

2 Credits

Published Date

April 6, 2021

Course Authors

Tommy Stephens

Woodstock, GA
Partner, K2 Enterprises

Tommy Stephens received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985. In 1992, he earned a Master of Science degree (Major in Finance) from Georgia State University in Atlanta. Presently, Tommy is a Certified Public Accountant, a Certified Information Technology Professional, and a Chartered Global Management Accountant. In 1995, Tommy began authoring and presenting continuing professional education courses to accounting and finance professionals. In 2003, he affiliated with K2 Enterprises, and in 2007, he joined the firm as a partner. To date, he has lectured internationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications. Over the past twenty-five years, Tommy has presented over 2,700 educational sessions to over 70,000 participants throughout the United States and Canada.

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Overview

Data theft at tax professional offices is on the rise. As a result, the IRS and the Federal Trade Commission have strict data security requirements that are meant to protect the clients of accounting firms. This course will list security tools and techniques that can help public accounting firms comply with security mandates. The course will also differentiate between various fines and other disciplinary actions imposed for not complying with the mandates.

Course Details

  1. List security tools and techniques that can help public accounting firms comply with security mandates
  2. Differentiate between various fines and other disciplinary actions imposed for not complying with the mandates
  3. Identify the data security requirements imposed by the IRS and the Federal Trade Commission

Intended Audience

Advanced Preparation — None

Field of Study — Accounting

Credits — 2 Credits

IRS Program Number

Published Date – April 6, 2021

Revision Date

Course Authors

Tommy Stephens

Woodstock, GA
Partner, K2 Enterprises

Tommy Stephens received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985. In 1992, he earned a Master of Science degree (Major in Finance) from Georgia State University in Atlanta. Presently, Tommy is a Certified Public Accountant, a Certified Information Technology Professional, and a Chartered Global Management Accountant. In 1995, Tommy began authoring and presenting continuing professional education courses to accounting and finance professionals. In 2003, he affiliated with K2 Enterprises, and in 2007, he joined the firm as a partner. To date, he has lectured internationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications. Over the past twenty-five years, Tommy has presented over 2,700 educational sessions to over 70,000 participants throughout the United States and Canada.

About Instructor Read Less