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Outsourcing Accounting And Data Security

Thursday, December 25, 2008 0 Comment

Data security is pivotal to many a business, especially in service industry providing accounting services. While outsourcing accounting, what shall a business know regarding data security measures.
Any kind of accounting involves sharing of data with the accountant so that he can record them and then tell you how you are doing as a business.
Normally people feel comfortable in sharing data only with people whom they trust or who are under their contractual obligation to keep the data confidential. Since employees are under contractual obligation to maintain strict data confidentiality, a business owner will have the confidence in sharing financial data with an in-house accountant.
Even with the case of an outsourced accountant, a business can trust sharing of data only when it is sure that any kind of data leakage from the outsourcer can lead to litigation against the outsourcing accountant. Since people are comfortable with the legal systems prevalent with one

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