Ftc Safeguards Rule 2024 Cpa Firms

Ftc Safeguards Rule 2024 Cpa Firms. With the ftc’s safeguards rule deadline going into effect on june 9th, cpa firms will be required to have detailed procedures and specific criteria implemented in order to provide better protection and to curb data breaches. Practitioners who fall under the ruling may be subject to an investigation.

In december 2021, the ftc amended the safeguards rule to expand its definition of a financial institution and to provide more concrete guidance regarding specific safeguards that covered. The rule requires cpas, accountants, financial.