Are CPA firms ready for the next wave of data security threats?

Sarah Ference, CPA, an author of the JofA's Professional Liability Spotlight column, returns to the JofA podcast to discuss recent column topics and the advice CPAs can gain from them. In particular, Ference details data security preparedness, the value of engagement letters for tax-compliance services, common audit claims and defenses, and more.

Editor's note: This episode is the JofA podcast's last until Jan. 8.

n October: Are You Prepared for the Cost of a Data Security Incident?

n November: Blocking and Tackling: Engagement Letters for Tax Compliance Services

n December: Common Audit Claims and Defenses

What you'll learn from this episode:

• Advice for CPA firms to guard against data security incidents.
• The ways engagement letters can prevent costly client disputes.
• The factors that often make audit claims the most expensive type of claims for firms.
• How to protect your firm when a client faces bankruptcy.