Articles
Laptop security – done the right way
The risk is there, the numbers don't lie. One of every ten laptops will be lost or stolen in its lifetime. The FBI reportedly has as many as three or four laptops lost or stolen monthly. Laptop theft increased in 2006 by 81 percent when the thieves realized that the data on the hard drive was often more valuable by far than even the nicest laptop. More security breaches result from lost or stolen laptops than hacking.
Humbling Moments
Deepening insolvency claims present increased risk for auditors
Tough economic times force business owners to make tough choices. Management may have to decide whether to continue the fight to keep the company afloat or close up shop. Such times also force accountants to make difficult risk management decisions. Professional liability claims from audit engagements tend to increase following economic downturns. Business failures can lead to suits against the auditor by creditors, shareholders, and others. At a minimum, auditors should make sure that their decisions regarding the stability of the company and their advice to management is well-documented.