As of May 2018, the General Data Protection Regulation (GDPR) will be in effect in the EU which will hold organizations accountable for the information they have in their possession. Recent exposure of data breaches has brought the conversation back to the forefront of tech talk.
Being able to provide clients with peace of mind is part of the service that accounting professionals offer. Though the regulations will take effect in the EU, it is logical to assume that it won’t be long until such regulations are adapted in North America and elsewhere around the world. Appropriate protection of the sensitive information of clients is paramount.