When it comes to assisting their clients, CPAs are famous for being meticulous, which likely prevents them from being as meticulous when it comes to their own affairs. One thing we have noticed recently is how little firms audit their technology providers. As a result, we have created this quick guide on how and why you should audit some of your technology providers.
1) To ensure they are following their vendors licensing standards, especially because if they are not, your firm may be culpable in a licensing infraction.
2) To fact check. Some companies love to talk about how big they are or how many companies they have using their service. The proof is always in the licensing report.
So, what do you ask for? Ask for the main list of vendors they are using, a high-level license report, and a contact at the company to validate the licenses. The reason you ask for a vendor contact to validate is that if they are being less than truthful it is easy to whip up a PDF that looks official. This is why an audit is important.
This list covers an audit with the high–level basics and will quickly allow you to collect some information on the integrity of a cloud provider. If a company is uncomfortable sharing this information with you, that may be telling.
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