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Building a Privacy Practice in Small and Medium-Sized CPA Firms

To practitioners, Privacy Advisory Services represents an exciting, unique opportunity to conduct work valued by their current clients, develop forward-looking areas of expertise, tap into new markets, generate new revenues, and grow their practices. 

 

When to Use This Guide

 

Practitioners in small and medium-sized firms are to use this Privacy Advisory Services guide to answer the following questions:

 

1.      Why should we implement and market Privacy Advisory Services?

2.      What do we need to know to implement and market Privacy Advisory Services?

 

To answer these questions adequately, this guide addresses:

 

·         The value of Privacy Advisory Services from the practitioner's perspective.

·         The issues involved in implementing and marketing Privacy Advisory Services.

·         Existing and prospective clients' concerns about buying Privacy Advisory Services.

 

This guide serves as the first step for practitioners reviewing or considering investing time and resources in Privacy Advisory Services. It was developed under the leadership of practitioners in small firms for use by small and medium-sized accounting firms. The guide focuses on two areas: implementation (see Sections II, III, and IV) and marketing (see Sections V and VI).

 

Download the Guide

 

Additional Guidance

 

Throughout this guide, reference has been made to the following tools, checklists, resources and practice aids.

 

Suite of Tools (Section I)

 

·         Generally Accepted Privacy Principles—A Global Privacy Framework
   

·         Privacy Advisory Services Marketing— brochure

·         Twenty Questions Businesses Need to Ask About Privacy—brochure

·         An Overview of HIPAA: The Role of CPAs in Privacy Compliance—brochure

·         Privacy Matters—An Introduction to Personal Information Protection—pamphlet

·         Privacy—Are Your Clients Minding Their Own Business?—flyer

·         Privacy—Minding Your Own Business—flyer

·         Privacy and Outsourcing—Is Your Organization at Risk?—brochure

 

·         Privacy Incident Response Plan—Template

 

Checklists (Section IV and VI)

 

·         HIPAA—Health Insurance Portability and Accountability Act

·         GLBA—Gramm-Leach-Bliley Act
 

·         COPPA—Children’s Online Privacy Protection Act
 

·         20 Questions to Ask Your Client About Privacy
 

·         Identifying Clients for Privacy Advisory Services

 

Other Practice Tools

 

·         Privacy Advisory Services . . . A Best Practices, Integrated Approach, a PowerPoint presentation to sell service to clients

·         United States and International Regulations

 

Other Resources Available

 

·         AICPA Privacy Channel

 

Copyright © 2007 by the American Institute of Certified Public Accountants, Inc., New York, New York.