Latest news with #AmericanInstituteofCertifiedPublicAccountants
Business Upturn
10 hours ago
- Business
- Business Upturn
Onerep Achieves SOC 2® Type II Compliance
MCLEAN, Va., July 29, 2025 (GLOBE NEWSWIRE) — Onerep, a technology and consumer privacy company, proudly announces successful achievement of SOC 2 (Systems and Organization Controls 2) Type II certification through an independent audit. This milestone signifies full compliance with SOC 2 criteria, and reflects the Onerep's team's dedication to strong customer data security practices. Established by the American Institute of Certified Public Accountants (AICPA), the months-long SOC 2 Type II auditing procedure serves as the industry gold standard for a company's overall cybersecurity hygiene and evaluates its information security controls across five trust service criteria: security, availability, processing integrity, confidentiality, and privacy. The SOC 2 report affirms that Onerep's infrastructure, software, people, data, policies, and operations have been formally reviewed—and validates that the company provides enterprise-level security within its platform. 'As a privacy protection company, safeguarding our customers' information is central to everything we do, ' said Dimitri Shelest, CEO, Onerep. 'Earning this certification testifies to our commitment to maintaining the highest data privacy and security standards, giving our customers confidence that their data is safe with us.' The SOC 2 audit was conducted by Johanson Group LLP, a security and compliance assessment provider trusted by public and private companies across a wide range of industries worldwide. Johanson Group shared the following: 'Congratulations to Onerep for reaching SOC 2 compliance! This achievement reflects your commitment to data security, resilience, and customer trust. We're proud to have played a role in helping your organization hit this milestone. Keep pushing boundaries and inspiring trust!' About Onerep Onerep is a digital privacy company specializing in the removal of employee and consumer data from public data brokers and people search sites. The company's technology and approach are trusted by prestigious organizations in the United States, including professional associations, consumer groups, and law enforcement agencies. Onerep's solutions are also working behind the scenes to power privacy features offered by globally recognized brands. Founded in 2015, Onerep seeks to continuously provide the best privacy protection available. For more information, visit . PRESSOnerep [email protected]
Techday NZ
10-07-2025
- Business
- Techday NZ
Bolt Insight gains SOC 2 Type I for secure AI research platform
Bolt Insight has announced that its AI-powered qualitative research platform, BoltChatAI, has achieved SOC 2 Type I compliance certification. This certification demonstrates that Bolt Insight has met the five Trust Services Criteria relating to security, availability, processing integrity, confidentiality, and privacy. SOC 2 Type I is a widely recognised framework, developed by the American Institute of Certified Public Accountants (AICPA), aimed at validating that a company's internal controls and systems protect client data in a reliable and secure manner. Data protection The process to achieve SOC 2 Type I involved a comprehensive audit of BoltChatAI's underlying infrastructure, operational policies, and day-to-day processes. Independent auditors assessed every layer of the platform to ensure that controls were suitably designed and implemented to protect data. The certification covers not only technical protections but also reviews the governance and transparency of the company's procedures with regards to privacy and confidentiality. Over 100 brands globally use BoltChatAI, including organisations such as Reckitt, L'Oreal, and Unilever, relying on it for qualitative research that captures insights from sources such as video interviews and chat transcripts. The new certification offers these clients formal assurance of the company's data security practices. Commitment to trust Bolt Insight's CEO and Co-Founder, Hakan Yurdakul, made clear the company's approach to balancing the pace of technological adoption with responsible practices: We've always said trust is the foundation of great research and that applies just as much to how we treat data as it does to how we speak to people. This certification shows that we're not only moving fast, but we're doing it responsibly and transparently. The SOC 2 Type I certification, he stated, affirms not only the speed of development but also the company's commitment to security and openness. Ethical framework Bolt Insight's ethical protocol extends beyond technical and operational compliance. Every aspect of the platform is designed to conform to ethical standards around research participation and data use. The company's policies include obtaining informed consent from all research participants, providing transparency about how artificial intelligence is used in studies, and a firm stance that client data is never utilised for training AI models. According to the company, these measures are designed to reassure customers and partners that their information is kept confidential and secure, and that the data generated by their research activity remains under their control at all times. Platform capabilities BoltChatAI's core functionality includes AI-driven moderation to facilitate real-time qualitative research at scale. It is equipped with smart probing techniques, stimulus upload features, multilingual support, and can conduct meta-analysis to identify trends across studies. Its Dynamic Personas feature enables profiles to develop and evolve as more data points are accumulated, supporting more strategic insights for users. The company also offers BoltQ, a quantitative survey platform, to complement the qualitative focus of BoltChatAI, providing clients with a broader set of tools for consumer research and insight generation. Bolt Insight has stated that as research methodologies continue to digitise and expand globally, SOC 2 Type I compliance strengthens its proposition by assuring clients of secure, scalable, and ethical operations. The certification is intended to support both ongoing client relationships and future growth by demonstrating accountability in data handling and privacy management practices.
Cision Canada
25-06-2025
- Business
- Cision Canada
Green Cabbage Achieves SOC 2® Type II Certification, Reinforcing Commitment to Security and Trust
PITTSBURGH, June 25, 2025 /CNW/ -- Green Cabbage, the global leader in procurement intelligence for indirect technology, contingent workforce, and marketing spend, is proud to announce it has successfully completed its SOC 2 ® Type II certification. This key milestone demonstrates the company's dedication to enterprise-grade security, data integrity, and operational excellence. Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2 ® Type II certification evaluates a service organization's information systems relevant to security, availability, processing integrity, confidentiality, and privacy. This certification from Sensiba LLP confirms that Green Cabbage's controls and processes meet the highest standards for protecting client data over an extended monitoring period with zero noted exceptions. "Trust and security are non-negotiables in today's procurement environment," said Eric Cunningham, CEO of Green Cabbage. "Achieving SOC 2 Type II validates the confidence our clients already place in our organization and reinforces our commitment to safeguarding their most sensitive business information." Green Cabbage's proprietary platform, OneWorkspace, delivers real-time market intelligence, pricing transparency, and expert negotiation support. With SOC 2 Type II certification, all clients, including enterprises, private equity firms, and consulting partners, can engage with even greater confidence, knowing their data is handled with rigorous care and control. "Our clients rely on us to be a secure extension of their procurement, legal, and finance teams," said Wesley Schnell, Chief Legal Officer. "This certification reflects our ongoing investment in building a trustworthy, scalable, and secure ecosystem." "From the beginning, security has been baked into every layer of our architecture," said Bennett Falck, Head of Development at Green Cabbage. "This certification is not just a checkbox; it's independent validation of the intentional design and discipline we've put into building a platform and a company that our clients can trust every day." As Green Cabbage continues to expand globally, this certification positions the company as a trusted partner for organizations navigating increasingly complex supplier landscapes.
Yahoo
16-06-2025
- Business
- Yahoo
Trump's 'Big, Beautiful Bill' Could Cost Professional Firms $73 Billion, Lawyers And Accountants Join Forces To Resist
U.S. professional services firms run by lawyers and accountants are joining forces to resist a tax provision included in President Donald Trump's One Big Beautiful Bill Act. What Happened: A provision embedded in the bill entails a proposed rollback of a tax workaround used by partnerships such as law and accounting firms, according to a Financial Times report. Introduced by states after Trump's 2017 tax law capped state and local tax (SALT) deductions at $10,000, the workaround allowed firms to pay state taxes at the entity level, thus lowering partners' federal tax liabilities. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — While the House version of the bill increases the SALT cap to $40,000, it also blocks professional services partnerships, including those in law, accounting, consulting, medicine and dentistry from using the workaround. Other businesses would remain eligible under the proposed measure. "It's targeted and it's ugly," said Melanie Lauridsen of the American Institute of Certified Public Accountants (AICPA), which is mobilizing accountants throughout the country. "It's complicated and it's buried in there. We were aware of it first and faster." Meanwhile, the American Bar Association labelled the measure "fundamentally unfair," arguing it punishes small law firms and solo practitioners, who comprise more than 75% of the legal It Matters: If passed as is, professional firms would be stripped of a key tax relief mechanism, costing the sector an estimated $73 billion over the next ten years. The restriction applies only to "specified service trades or businesses," widening the divide between professions like law and accounting and other partnership-based industries. ABA president Bill Bay said the provision would "further widen the tax parity gap," despite the significant economic role professional services firms play. The One Big Beautiful Bill Act is also facing heat for section 899, which targets countries imposing taxes the Trump administration views as discriminatory toward American companies. Experts warn that this could lead to a loss of foreign investment and erode confidence. According to an analysis by the Congressional Budget Office, the bill depletes the household resources of America's poorest by about $1,600 while the wealthiest households gain approximately $12,000. Read Next: How do billionaires pay less in income tax than you? Tax deferring is their number one strategy. Jeff Bezos-Backed Arrived Homes Hits A Big Sale On Charlotte Property – Investors Earning A 34.7% Return Photo courtesy: Joey Sussman / UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Trump's 'Big, Beautiful Bill' Could Cost Professional Firms $73 Billion, Lawyers And Accountants Join Forces To Resist originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
09-06-2025
- Business
- Business Insider
A Big Four consulting giant tries to make accounting less boring with AI
Accounting has a reputation for being technical, tedious, and high-pressure. A Big Four firm is trying to change that with AI. EY, one of the world's largest accounting and consulting players, wants to use this technology not to replace accountants but to make their work more interesting and fulfilling. EY is investing $1 billion to increase early-career compensation and work with colleges to encourage students to pursue CPA careers. Some of this money will go toward smarter tools that the firm hopes will also attract more young workers into the profession while retaining existing talent. "Under no circumstances are we ever thinking that we will get rid of our human workforce and do this just through AI agents or other things like that," Raj Sharma, a global managing partner at EY, told me in a recent interview. This problem is more about a lack of human employees. In a world where modern businesses operate across dozens of jurisdictions with complex and ever-changing regulations, audits have become a logistical and mental minefield. That complexity has driven some away from the field, contributing to a nationwide accountant shortage. About 65,000 students in the US completed bachelor's or master's degrees in accounting in the 2021-22 school year, 18% fewer than a decade earlier. About 30,000 people took the CPA exam in 2022, down roughly 40% from 2010. Meanwhile, three-quarters of CPAs in the US were thought to be at or near retirement in 2019, according to the American Institute of Certified Public Accountants. "Even though AI can do a lot of things, think of our business around assurance, audit, and the certifications that are required. We are significantly short of people coming up with accounting degrees," Sharma said. "We are still hiring big classes of accountants from colleges, and we are training them into AI." EY is embedding this AI assistance across tax, risk, and finance workflows via its Agentic Platform, developed and launched with Nvidia earlier this year. This has already created about 200 specialized AI agents that support 80,000 EY employees to help with tasks such as data collection, document analysis, and tax compliance — automating dull tasks and amplifying more engaging ones. More interesting, less daunting, audits Sharma cited AI-powered audits as an example of what's possible. Audits are a staple of accounting work that traditionally involved sampling a small subset of transactions to look for errors or fraud. This is painstaking work, and pretty daunting when you're checking the books of huge, complex multinational corporations. "It's just overwhelming for our accountants," he told me. "That's one big reason why people don't want to go into accounting because it's so technical, so deep. And the risks are so high of getting it wrong." He explained how AI can make these situations more manageable. For example, an audit that used to take five hours for a particular process might now take two and a half hours with EY employees supported by AI agents. "In the past, we would maybe sample 100 transactions. Now, with AI, you could sample 10,000 transactions," Sharma said. EY's accountants would get more involved in situations where this new technology flagged maybe 25 potentially questionable transactions out of that 10,000 total. They'd dig deeper into those specific situations, which could be more interesting and useful work. "The accuracy of the audit becomes a lot better. Our ability to catch fraud is a lot better in that particular area," Sharma said. "So AI is a welcome relief for these people that are out there, that they have another tool to be able to help and do more." "Our people are a lot happier in that particular area," he added. "We are making AI agents available for our people to work with, but not with the intent that we will replace the accountants that are out there." Make accounting human again EY is training its employees to work hand-in-hand with these AI tools. It sees a future where the job is less about memorizing arcane rules and more about having human accountants apply their insights in the right places, such as "high-end work around due diligence" in EY's tax practice, Sharma said. EY generated just over $50 billion in revenue last year and has roughly 400,000 employees. Sharma said the firm hopes to become a $100 billion company with 500,000 people and 200,000 AI agents. However, he added that EY is not impervious to what may happen in the world and the broader economy. Accounting may never be the most glamorous profession, though EY is trying to make it less grueling. With AI taking on some of the complexity and monotony, the firm is opening the door to a new kind of accounting career, where professionals do more thinking, less grinding, and might find greater purpose in their work. That, in the long run, might be exactly what saves the profession.
