The Treasury Inspector General for Tax Administration said that while security has improved for information technology systems at the Internal Revenue Service, IRS employees remain a vulnerable target for hackers. As proof, of the 100 IRS managers called by TIGTA employees -- who claimed to be IT helpdesk personnel hoping to fix a problem -- 35 surrendered their login names and actually changed their passwords to those suggested by TIGTA personnel. The TIGTA said that the breach of security could signal an opportunity for hackers or former IRS employees. The TIGTA recommended that the IRS's Office of Mission Assurance and Security Services issue periodic reminders to IRS employees about susceptibility to the hacker threat. On a brighter note, however, the recent test results showed a 50 percent improvement versus a similar test conducted in 2001.
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The International Ethics Standards Board for Accountants decided to move ahead on a project to update its International Code of Ethics for Professional Accountants.
8h ago -
Regional Leader Kernutt Stokes will acquire accounting firm Fordham & Co, effective July 1, to grow its presence in Portland, Oregon.
8h ago -
RSM Mexico will join RSM's transatlantic platform with entities already in the U.S., the U.K., Canada and Ireland, as well as teams in India and El Salvador.
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The Internal Revenue Service had to hire over 2,000 employees after reducing its workforce last year by nearly a third, according to a new report.
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With AI poised to take over basic tax prep, practitioners need to double down on the value they've always added, says AICPA chair Jan Lewis.
June 15 -
Current IASB chair Andreas Barckow's term ends on June 30, but his final successor isn't expected to be installed until Oct. 1.
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