A CPAs Guide to Creating an Identity Theft Prevention Program
Guidance :
At the request of several Members of Congress, the Federal Trade Commission (“FTC”) announced that it is further delaying enforcement of the “Red Flags” Rule (“Rule”) through December 31, 2010. The AICPA developed a practice guide for members, which provides guidance on developing an Identity Theft Prevention Program (ITPP) as required
Published on April 28, 2011
CPAs Gain Statutory Exemption From Red Flags Rule
Article :
CPAs received a permanent exemption from the Federal Trade Commission’s Red Flags Rule with President Barack Obama’s signing of the Red Flag Program Clarification Act of 2010 on December 18, 2010.
Published on January 28, 2011
Final Rules on Identity Theft Red Flags and Notices of Address Discrepancy
Federal Law :
Under the Red Flags Rules, financial institutions and creditors must develop and implement a written Identity Theft Prevention Program. The Program must also describe appropriate responses that would prevent and mitigate the crime and detail a plan to update the Program.
Published on January 28, 2011
Fair and Accurate Credit Transactions Act of 2003
Federal Law :
The Act which amends the Fair Credit Reporting Act, provides consumers with protections regarding credit reports and other centralized databases of consumer information. The changes improve ways that consumers can increase the accuracy of credit reports and more.
Published on January 06, 2011
Identity Theft Prevention Program Template
Guidance :
A template that firmsand organizations can use to create a written identity theft prevention program, as required by the Federal Trade Commisssion's (FTC) Red Flag Rules.
Published on November 09, 2010
Data Protection PowerPoint
Presentation :
A sample PowerPoint presentation that CPAs can use to educate their clients, employees, and/or firm management regarding the proper handling of sensitive digital information, and the effective use security technology to help reduce risk.
Published on November 09, 2010
Red Flags Final Rule
Federal Law :
Contains 16 CFR Part 681 - Identity Theft Red Flags and Address Discrepancies Under the Fair and Accurate Credit Transactions Act of 2003; Final Rule
Published on May 27, 2010
District Court Order
Legal Brief :
The District Court issued an order on March 18, 2010 stipulating that the FTC “will continue to delay enforcement of the Red Flags Rule with respect to members of the AICPA engaged in the practice of public accountancy for ninety days after the U.S. Court of Appeals for the District
Published on May 27, 2010
AICPA Lawsuit
Legal Brief :
The AICPA requested that the FTC exempt CPAs from the regulation and on November 10, 2009, filed a lawsuit in the United States District Court for the District of Columbia seeking a bar against application of the FTC rule to CPAs and accounting firms.
Published on May 27, 2010
Protecting Client Data Is My Firm At Risk
Checklist :
A simple checklist intended to quickly assess whether your firm is at risk of exposing your clients’ sensitive personal data.
Published on May 04, 2010
Introduction to the Red Flags Rule
Guidance :
An overview of the Red Flags Rule and the requirements of an identity theft prevention program.
Published on May 04, 2010
Disposal Rule of FACTA
Federal Law :
This guide provides information on the Disposal rule, part of the FACTA, which requires businesses and individuals to judiciously dispose of sensitive information from consumer reports.
Published on April 17, 2010