FTC (Federal Trade Commission) compliance is essential for accounting firms that collect, process, or store sensitive client information, particularly under regulations such as the Gramm-Leach-Bliley Act (GLBA). The FTC requires that businesses, including accounting firms, implement strong data security measures to protect clients’ personal financial information and avoid potential breaches. Non-compliance can result in significant fines and legal repercussions.

Key elements of FTC compliance include:

  1. Implement a Data Security Program: Accounting firms must have a comprehensive security program that includes encryption, firewalls, and antivirus measures to protect client data.
  2. Safeguards Rule: Firms must implement appropriate administrative, technical, and physical safeguards to protect customer information. This includes maintaining secure systems, preventing unauthorized access, and regularly monitoring and testing systems.
  3. Privacy Rule: Requires clear communication with clients regarding the collection and sharing of their personal information, as well as offering an opt-out option for sharing data with third parties.
  4. Disposal Rule: Ensures that firms securely dispose of client records and information when it is no longer needed, through measures such as shredding or erasing data from electronic devices.
  5. Risk Assessment: Regularly evaluate security measures, identify potential risks, and update security protocols as necessary to address vulnerabilities.

ADS Consulting assists accounting firms in achieving FTC compliance by providing services such as risk assessments, secure data management, and the implementation of comprehensive security programs. We work with firms to ensure adherence to FTC regulations, helping to safeguard client information and avoid the legal and financial consequences of non-compliance. Partner with ADS Consulting to protect your firm and its clients, ensuring that sensitive data is handled securely and in compliance with FTC standards.

Have Questions About Our Service?

If you're interested in learning more about our services, we'd love to connect! Please take a moment to fill out our Free Discovery form, and a member of our team will reach out to discuss your needs and how our tailored services can help enhance your security and resilience. We're here to answer any questions and explore how we can support your goals.

Are you a business that has been struggling to find reliable IT support that services your needs at a fair price? If so, you’re in the right place.

Here at ADS Consulting Group, we pride ourselves on giving world-class IT support to small and medium-sized local businesses. To find out if we are a good fit, we recommend you get started by taking advantage of a quick discovery call.

Email us: info@adscon.com or  fill out the form on this page to schedule your DISCOVERY CALL today.

Sign Me Up For
The Free Discovery Call