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1. Six cybersecurity basics   WebExclusive

BY Ken Tysiac
The steady barrage of headlines about cybersecurity underscores a topic viewed with wary eyes by many executives, board members, and investors.Employees may have access to sensitive data through smartphones that they carry everywhere. Globalization has increased the geographic reach of companies – making them visible to ever more hackers.And those hackers are constantly getting more sophisticated.“They’re changing techniques at lightning speed,” Marcus Prendergast, the chief information security officer of electronic brokerage and financial technology firm ITG said Wednesday.

2. Auditors have important role in cybersecurity   WebExclusive

BY Ken Tysiac
The steady stream of headlines about data breaches has the business community and regulators on high alert with regard to cybersecurity.An online PwC survey of global executives and IT directors conducted early in 2013 found that detected cybersecurity incidents rose 25% over the previous year. And 31% of executives responding to EY’s Global Information Security Survey for 2013 said the number of cybersecurity incidents at their organization grew at least 5% over the previous year.The SEC has taken notice of concerns over this issue and will hold a round-table meeting Wednesday to address cybersecurity.In recognition of these

3. Internal auditors racing to keep pace with technology   WebExclusive

BY Ken Tysiac
Internal auditors have a strong desire to know more about emerging technologies and improve the way they use technology to perform their duties, a new survey shows.Mobile applications and social media are among the top areas of technical knowledge that internal auditors most need to improve, according to a global survey of more than 600 internal auditors by global consulting firm Protiviti.And computer-assisted audit tools and data analysis tools top the list of audit process knowledge internal auditors crave the most.“Internal audit professionals’ plates are more than full as they strive to protect their companies from exposure

4. Use data privacy to gain a competitive advantage   WebExclusive

BY Ken Tysiac
Data privacy doesn’t have to be an issue that keeps executives awake at night.Instead, companies that approach data privacy the right way can use it to differentiate themselves, said Carolyn Holcomb, CPA, the leader of PwC’s data protection and privacy practice in the United States.“We see companies that are saying, ‘I can use this as a competitive advantage.

5. AICPA, CPA Canada to collaborate in forensics, technology advisory services   WebExclusive

BY Ken Tysiac
Members of the Chartered Professional Accountants of Canada (CPA Canada) will have access to a broad portfolio of specialized information through the AICPA Information Management and Technology Assurance Section and its Forensic and Valuation Services Section.Under an agreement announced Friday, CPA Canada members can join those sections and will have the opportunity to obtain the Certified in Financial Forensics (CFF) and Certified Information Technology Professional (CITP) credentials.

6. U.S. GAAP taxonomy for 2014 available   WebExclusive

BY Ken Tysiac
The 2014 U.S. GAAP Financial Reporting Taxonomy is available, pending final acceptance by the SEC, F

7. Link preservation  

BY J. Carlton Collins, CPA
Q: I have created a “digital dashboard” in an Excel workbook that summarizes information from multiple Excel workbooks. As long as I maintain the linked files on my PC, the links work perfectly. However, when I email the dashboard workbook and related linked workbooks to others, these links stop working for some but not for others.

8. Inquiring minds  

BY J. Carlton Collins, CPA
Q: In your April 2013 JofA article titled “Microsoft Office 2013,” page 32, you mentioned that Excel 2013 offers the ability to “compare two spreadsheets to display changes (similar to Word’s Compare tool),” but I can’t find this functionality. Can you please tell me where to find this tool?A: To use Excel 2013’s new Compare tool, you must first activate the Inquire add-in from Excel’s File tab by selecting Options, Add-Ins.

9. Loud & Square  

BY J. Carlton Collins, CPA
Q: I’m using a Square credit card reader that attaches to my smartphone, but I’m finding that the transactions don’t always go through properly. Is there a certain smartphone or cellular service provider that works better with these devices, or should I be using a different smartphone credit card reader?A: The solution may be as simple as turning up the volume on your smartphone.

10. Cell selections reach new heights  

BY J. Carlton Collins, CPA
Q: In Excel, is there a way to click on a cell containing a hyperlink without triggering the hyperlink? (Surely my current method of clicking next to the cell and then using arrow keys cannot be the best method.)A: Make the row height bigger or the column wider, then you can click in the white area of the cell to select it without triggering the hyperlink.
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