#risk-assessment
Assess financial risks and implement mitigation strategies
Every US state has its own data breach notification law, with individual-notice deadlines ranging from 30 days (California, Colorado, Florida, New York, Washington) to 60 days (Connecticut, Texas), and small businesses must comply with the law of every state where an affected person lives, not just their home state.
A business's workers' compensation experience modification rate (E-Mod) compares actual claims losses to expected losses for its industry and payroll size, and it stays in effect for three policy years, so a single claim can raise premiums for years after an injured employee returns to work.
The median fraud at a company with fewer than 100 employees costs $141,000. This guide explains how to apply segregation of duties — separating authorization, custody, recordkeeping, and reconciliation — and use compensating controls when you have only three employees.
A 2026 guide for solo tax preparers and small bookkeeping firms to build a Written Information Security Plan that satisfies the FTC Safeguards Rule's nine elements, the IRS PTIN attestation, and the 30-day breach notification requirement — using IRS Publication 5708 as the scaffold and a 90-day rollout.
Small CPA firms must implement PCAOB QC 1000 by December 15, 2026, alongside AICPA SQMS No. 1, already effective since December 2025. A practical guide to the eight components, four required roles, Form QC reporting, and a five-phase plan to reach compliance.
Intelligent transaction validation is reshaping financial data accuracy. Learn how AI-powered confidence scoring enhances plain-text accounting systems like Beancount, transforming them into advanced fraud detection tools while balancing automation with human oversight.
