Outsourcing & Cybersecurity: What CPAs Need to Know

Many small to medium sized companies now outsource business processes in areas such as payroll collection or financial reporting. This involves sharing data across a variety of electronic platforms thereby making themselves vulnerable to cyber-attack. This course uses extensive examples to highlight the effects of cybersecurity breaches and strategies to mitigate these risks.

Learning Objectives

  • Identify the risks that outsourcing business processes brings to your company or clients
  • Become familiar with the assurance services that reduce these risks
  • Study cases involving data breaches and their effects on the company’s controls and information systems
  • Recognize the accounting and audit standards which address data controls and breaches
  • Become aware of practical strategies to mitigate vulnerability
  • Gain insights into the responsibilities of service providers, external and internal accountants and audit committees in addressing cybersecurity risk

Major Topics

  • Data security & breaches – lessons of experience
  • What is cyber risk and how could it hit our company
  • A risk based approach to outsourcing business processes
  • Accounting standards for reporting and disclosing breaches
  • Audit and assurance issues, SOC reports
  • What is a cyber-security audit?
  • Cyber security insurance – who needs it?
  • Audit Committee responsibilities

Who Should Attend

Accountants who are involved in decisions to outsource business processes. External accountants who audit or review financial statements where outsourcing of business processes takes pace. Accountants who need to advise their clients or companies on making sound outsourcing decisions

Fields of Study



Prior learning or experience in revenue accounting


Business Learning Institute

CPE Credits




This course is available for your group as:


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Or, contact BLI: 888-481-3500 or
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