CPAs have a bevy of rules and regulations they must follow to keep their clients and themselves safe, one of the most notable being the American Institute of Certified Public Accountants’ (AICPA) Code of Professional Conduct. Originally named the Code of Professional Ethics, the AICPA organized their Code of Professional Conduct in 1962. The code is…

Established in 2003 to protect customers from identity fraud, The Fair and Accurate Credit Transactions Act (FACTA) consists of regulations by which relevant businesses must abide. Among these are auto dealerships, which have access to highly sensitive financial and personal data that could lead to identity theft if not properly handled. Relevant Laws There are a…

The Health Insurance Portability and Accountability Act (HIPAA), a list of standards for organizations and businesses to protect patient files and other medical records, was created in 1996 in the interest of preserving patient privacy. These standards require that sensitive information is “rendered essentially unreadable, indecipherable, and otherwise cannot be reconstructed” after they are no…