Guidance for Complying with FTC Safeguards Rule

 – June 7, 2023
Guidance for Complying with FTC Safeguards Rule

An updated Federal Trade Commission rule is taking effect on June 9, and it affects many CPAs.

A Written Information Security Plan (WISP) is required whereby financial institutions, including tax preparers, must develop, implement and maintain a comprehensive security plan to protect customer and client information.

Below are resources and guidance from the AICPA: