By Roman H. Kepczyk
Quantum of Paperless
Going “paperless” means that all firm files and client data will be digitally stored on the firm’s network, which is almost always accessible to firm personnel via internal workstations and remotely via the internet.
MORE: SURVEY: Digital Audit Confirmations Not the Norm | Training that Works | SURVEY: 61% of Auditors Commonly Use Data Extraction Tools | SURVEY: Firms Divided on eSignatures
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The firm has a fiduciary responsibility to protect this data from anyone not specifically authorized to view it. Proper security is VERY difficult for any internal network administrator to guarantee as few have the experience and have participated in ongoing training to implement security settings optimally the first time.
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