Data and information management

The manner in which Charles Littlejohn pulled off one of the most egregious security breaches in IRS history was revealed in a court filing.

Sustaining post-day two compliance requires a rigorous focus on optimizing processes for ongoing management of lease accounting data and entries.

Plus, Corvee adds AI to Instead and Instead Pro solutions; and other news and updates from the accounting technology arena.

A lack of data management policies can be an expensive mistake.

A majority of chief audit executives and information technology audit leaders consider cybersecurity to be a top risk over the next year, but they're less concerned about artificial intelligence.

Plus, Sikich launches data analytics practice; and other accounting technology news and updates.

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

A recent report from credit rating agency Moody's found organizations have increased their spending on cybersecurity by 70% over just four years.

Public company executives are also aiming to push third parties they deal with to boost their security, too.

Firms need to develop new retention strategies, pairing automation with the changing role of the accountant.