Accounting and Auditing Firms

Optimized IT Solutions for Accounting Firms

Accounting firms handle sensitive financial data daily, and with strict industry regulations, IT systems must ensure accuracy, security, and compliance. Securafy specializes in providing IT solutions that support accounting operations, secure data, and streamline processes to enhance your firm’s efficiency and compliance.

Schedule Your Discovery Call Today

Tailored IT Solutions for Ohio’s Accounting Industry

From secure financial data management to compliance and operational efficiency, Securafy provides IT solutions tailored to the unique needs of accounting firms and professionals. We specialize in services for:

Tax Preparation Services: Protect sensitive client financial information and ensure reliable access to tax preparation software for seamless operations during peak seasons.
Bookkeeping Services: Secure client records and provide reliable cloud-based tools for managing accounts, enabling real-time collaboration and efficient workflows.
Payroll Services: Streamline payroll operations with optimized software systems, protect employee and financial data, and ensure compliance with tax regulations.
Auditing and Assurance Services: Enhance auditing workflows with secure document management systems and support compliance with industry standards.
Financial Reporting and Analysis: Support accurate and timely reporting with secure collaboration tools and advanced analytics platforms to ensure client confidentiality.
Small and Mid-Sized Accounting Firms: Provide tailored IT solutions that address the unique challenges faced by independent accountants and smaller firms, including secure data storage, compliance, and remote access.

Strengthening Data Privacy and Cybersecurity in Accounting

The rise in data privacy regulations and increasing cyber liability concerns are pushing accounting firms to overhaul their IT infrastructure.

Protecting sensitive financial data is now more important than ever to avoid compliance penalties and client trust issues.

Why These Challenges Matter

Data Privacy Regulations: The AICPA’s updated Statements on Standards for Tax Services (SSTSs), effective January 2024, require accounting firms to safeguard taxpayer data. (The Tax Adviser)
Cyber Liability: Accounting firms are prime targets for cyberattacks, with financial data being highly lucrative for cybercriminals. (Practice Protect)

How Securafy Can Help

Securafy provides tailored cybersecurity services for accounting firms:

Advanced Encryption: Protect sensitive financial data.
Multi-Factor Authentication: Secure access to client information.
Compliance Support: Stay audit-ready and meet evolving data privacy regulations.

DOWNLOAD OUR GUIDE

IT Challenges Facing Accounting Firms

Accounting firms face specific IT challenges that can hinder daily operations, including:

Data Security: Ensuring client financial information is secure from breaches or cyberattacks is paramount. Accounting firms are prime targets for cybercriminals due to the sensitive financial data they handle. Notably, small and medium-sized firms are often deliberate targets for data theft, as they may act as gateways to larger entities. (Journal of Accountancy)

Compliance Regulations: Adhering to industry standards such as the Gramm-Leach-Bliley Act (GLBA), Sarbanes-Oxley Act (SOX), and the Federal Trade Commission (FTC) Safeguards Rule is critical. As of June 2023, the FTC mandates that all tax professionals implement multi-factor authentication to protect clients’ sensitive information, underscoring the importance of robust cybersecurity measures.

Data Integrity: Maintaining accurate, real-time financial data with secure backups is essential. Cyberattacks can lead to data corruption or loss, compromising the integrity of financial records and potentially causing significant operational disruptions.

Software Integration: Seamlessly integrating accounting software with IT infrastructure is vital for smooth operations. However, the rise of cloud accounting services presents opportunities for attackers to exploit software vulnerabilities and insecure systems, especially if not properly secured.

Client Communication: Secure communication systems are necessary to protect sensitive information shared with clients. Phishing attacks, where cybercriminals impersonate legitimate entities to deceive employees into divulging confidential information, remain a prevalent threat in the accounting sector.

Securafy’s Tailored IT Solutions for Accounting Firms

Securafy offers a suite of services specifically designed to address the unique challenges accounting firms face:

Data Encryption & Security: Protect sensitive financial data with advanced encryption, firewalls, and threat detection systems.
Backup & Disaster Recovery: Ensure continuous access to client financial data with secure, real-time backups and disaster recovery solutions.
Compliance Management: We help your firm stay compliant with the Gramm-Leach-Bliley Act (GLBA), Sarbanes-Oxley (SOX), and FTC Safeguards through proactive monitoring and regular audits.
Accounting Software Integration: Our team works with your preferred accounting software, such as QuickBooks or Xero, to ensure seamless integration and optimization.
Client Portal Security: Provide your clients with secure, encrypted portals for safe communication and data sharing.

Staying Compliant with Securafy

Maintaining compliance with financial regulations is critical for accounting firms. Securafy ensures your IT systems adhere to industry requirements, so you stay protected from legal and financial penalties.

GLBA Compliance: We help safeguard your client’s financial data in compliance with the Gramm-Leach-Bliley Act.

SOX Compliance: Securafy ensures the accuracy and security of financial records as required by the Sarbanes-Oxley Act.

FTC Safeguards Rule: We develop comprehensive security programs to protect customer information, keeping your firm compliant with the FTC’s regulations.

Securafy’s Impact on Accounting Firms

One of our accounting firm clients in Columbus improved their data security measures by 20%, reduced compliance audit preparation time by 30%, and improved overall system uptime through our proactive IT management and secure data backups.

Key Results:

20% improvement in data security protocols.
30% reduction in compliance audit preparation.
Secure, real-time data backup and recovery.