High Point, North Carolina
1321 Long St
High Point, NC 27262

AICPA Conference on Employee Benefit Plans Focuses on Cybersecurity May 16, 2018

High Point, Guilford
AICPA Conference on Employee Benefit Plans Focuses on Cybersecurity, High Point, North Carolina

Sharrard McGee & Co., PA Audit Manager Starla Hughes reports from the second day of the AICPA Employee Benefit Plans Conference in Las Vegas that "Cybersecurity is a huge buzzword today.  Plan sponsors should be aware that plans have a lot of information at risk - social security numbers, birthdates, addresses, and,  in the case of receiving electronic distribution payments, bank account information for their participants.  Electronic information is flowing from the Plan Sponsor out to payroll providers, recordkeepers, third-party administrators and others. 

Here are just a couple of tips discussed in one of the sessions:
- If you have a cybersecurity policy check to see if it covers the Employee Benefit Plans.
- Ask your service providers if they have a SOC for Cybersecurity.  This would detail their internal controls over the information they gather & disseminate.
- All Plan Sponsors should review their internal controls & come up with a plan to protect & deal with any security breaches.

As our speaker said, ‘It’s not a matter of IF but WHEN you will be attacked.’”

Other Announcements, Events and Deals from Sharrard, McGee & Co., PA
TCJA Checklist for 2019 -- Part 2, High Point, North Carolina
This blog follows up on the first part we published earlier this week which presents a “Tax Cut and Jobs Act Checklist for 2019,” an article written by Mark Luscombe and published re...read more
TCJA 2019 Check List -- Part 1, High Point, North Carolina
The Tax Cut and Jobs Act of 2017 brought so many changes that will impact taxpayers’ individual and business returns. Accounting Today recently published a checklist written by Mark ...read more
Keys to Exceptional Client Service #4 Proactive, High Point, North Carolina
We continue our series of “Keys to Exceptional Service” videos with Senior Accountant, Jeremy Musgrave, CPA explaining the fourth key – Alert Clients Quickly. At Sharrard, McGee &...read more
IRS Confirms Tax Filing Season Starts Jan. 28, High Point, North Carolina
In our mission to keep our clients apprised of the most up-to-date news relating to the impact of the Government Shutdown on this Tax Season (see yesterday’s Client Advisory), we are...read more
Client Advisory How will the Government Shutdown Affect my Tax Return?, High Point, North Carolina
As your tax advisors, it is our objective to provide you with the most timely news regarding situations that may affect your tax returns. The IRS is among the 25% of the federal...read more