Guidance for Complying with FTC Safeguards Rule

– June 7, 2023

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:

Professional responsibilities in data security for tax professionals
How the FTC Safeguards Rule may affect your CPA firm
Complying with the Safeguards Rule for information security

Guidance for Complying with FTC Safeguards Rule

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