What do Tesla cars, smart TVs and equipment used for making french fries have in common? The answer is embedded software, according to recent comments by Financial Accounting Standards Board (FASB) Vice Chair James Kroeker. He also told the
Construction analytics firm ProNovos is teaming with Somerset CPAs and Advisors to bring data-driven best practices for continuous improvement to contractors in the Midwest and across the country. As part of the strategic partnership, Atlanta-based ProNovos will make its
Somerset CPAs and Advisors is pleased to announce the expansion of its cloud technology practice, Somerset Technology Solutions, LLC. Effective November 15, 2021, Dataquest Solution’s Acumatica cloud technology practice and Somerset Technology Solutions joined forces. This new organization will
Data security is a critical part of the audit risk assessment. If your financial statements are audited, your audit team will tailor their procedures to answer critical questions about cyber risks and the effectiveness of your internal controls. While
In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage business. The perpetrator hacked the protected records by sending an email containing malware to
Did you click on this headline? If you are reading this, the answer is “yes.” Cybercriminals capitalize on trending topics of the day and are especially skilled at using fear and anxiety to make you click, buy, or respond to
Many companies struggle to close the books at the end of the month. The month-end close requires accounting personnel to round up data from across the organization. Under normal conditions, this process can strain internal resources. However, in recent years
Join Karen Clark and a panel of national information security thought leaders as they lay out the pitfalls and recommendations for your remote workforce. In addition to the heroic healthcare workers, and tireless grocery store employees and many others
You’ve sent your employees home to work. Now, how do you protect your company information? We all continue to be inundated with non-stop news of the Coronavirus and its impact on our healthcare system and our fellow citizens. One
Now more than ever, it’s important to safeguard yourself against identity theft. Here are some steps you can take to protect your personal and financial information. Check Yourself Out It’s important to review your credit report at least once a
Managers face unique challenges when they must routinely handle large customer projects. We’ve identified eight ways that an integrated project accounting and ERP system can save you time and improve your project results. See how many of them apply to
Could you recover your data from backup in case of a ransomware attack or human error? Unfortunately, most of us know someone who has been hit with an encryption attack. In some cases, when businesses attempt to recover from
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Somerset CPAs and Advisors is now part of CBIZ and MHM. Together, CBIZ and MHM are one of the Top Ten accounting providers in the country. Please click here for more information.
