Do you use a payroll service to process your company’s payroll? Do you rely on an application service provider to perform certain processes? Do you expect a bank or investment broker to keep your company’s financial information secure? Does your business rely on another company (service organization) to handle confidential client information (social security numbers, dates of birth, bank account information, pay rates, etc.)? If so, how do you know that they are taking the necessary steps/precautions to make sure that they are keeping that information safe?
The mere thought of the CPA exam can be stressful, and now to shake things up even further, the exam is going through a metamorphism in 2017. A metamorphism that is said to make the exam more difficult and will test candidates at a higher level of knowledge. The changes in the exam stem from the thought that as the business environment changes so does the work that newly licensed CPAs perform. Gone are the days of solely remembering and understanding information, CPAs need to analyze information, be able to think critically, and problem solve in their day-to-day jobs.