Diane Gill • November 1, 2023
The importance of cybersecurity
For accounting firms, the risk of cybersecurity is becoming more frequent. Recently, the team from Ōmokoroa Accounting had cybersecurity training, and with a 13% increase in cyber-attacks from 2021 to 2022, and 2023 anticipated to also be high, there is never a bad time to take a look at your own cybersecurity.
A couple of important takeaways from our training:
- The website https://haveibeenpwned.com/ is a useful resource for checking if your email address has been compromised. We have started doing this on a weekly basis.
- The use of multi-factor authentication (MFA) is now a must. MFA can enhance your organization's security by requiring your users to identify themselves with more than just a username and password.
- A great tip is to start using passphrases as passwords, instead of single words. This is because they are made up of more random words, making them longer and harder to guess, but easier to remember. As opposed to a password like ‘Geni0us123’ which is easier to crack, but more difficult to remember.
Ōmokoroa Accounting is dedicated to staying up to date with the latest industry regulations and technologies. Contact us today and stay ahead of the curve.
What are the key aspects you need to know to prepare for the financial year-end on 31 March? The end of the financial year is a good time to review your policies and procedures in preparation for the new tax year.
In 2023 the External Reporting Board (XRB) published updated accounting standards for Tier 3 and 4 registered charities.
If your charity’s financial year began on or after 1 April 2024, the Tier 3 (NFP) and Tier 4 (NFP) Standards are now in effect and you should be using or preparing to use these.