NSAC Happenings and Latest News - Page 72
BKD Dons a White Hat to Hack Clients
The BKD Red Team stands ready to embarrass their clients — but all in the name of security. BKD Cyber, the cybersecurity arm of Springfield, Missouri-based Top 100 Firm BKD, has assembled what it’s calling its Red Team -- a digital attack simulation service that emulates the actions a hacker might take during a cyberattack. This service comes at a time when the accounting profession is on high alert for cybercrime, in the wake of ...
Read MoreGet Private Companies Ready for the New Revenue Standard
Auditors of private companies are reviewing clients’ efforts to prepare for filing financial statements under the new revenue recognition standard in early 2020. In the five years since FASB adopted its landmark guidance in Accounting Standards Update No. 2014-09, Revenue From Contracts With Customers (Topic 606), companies large and small have had to race to implement the standard by its effective date. Public companies began complying ...
Read MoreA Dozen Excel Time-Savers
Q. What are some of your favorite tricks for getting the most out of Excel? A. Excel has been a staple of this column since its launch almost 20 years ago, and I've provided innumerable Excel tips myself since taking it over from Stanley Zarowin in January 2011. I recommend you search the JofA website (or browse journalofaccountancy.com/excel), as almost all of those Excel tips and tricks are still valid today, though the ...
Read MoreMicrosoft Will Soon End Support for Windows 7. Now What?
If you haven't already upgraded to Windows 10, add the task to your to-do listOver the next few weeks, millions of PC users will receive pop-up messages from Microsoft informing them that the Windows 7 operating system will reach the end of its life in January 2020. After that, consumers will no longer receive updates of any kind, including critical security patches, for the nearly 10-year-old platform—potentially putting their computers ...
Read MoreFBI Sees Big Rise in Internet Crime Complaints, Losses
The FBI received nearly 17% more complaints in 2018 than in 2017, and nearly double the losses. The Federal Bureau of Investigation’s Internet Crime and Complaint Center received 50,000 more complaints in 2018 (351,936) than in 2017 (301,580), with losses from those complaints amounting to $2.7 billion, a $1.3 billion jump from the $1.4 billion in losses reported in 2017, according to the agency’s recently released crime ...
Read More