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Help Shape the AICPA’s Cybersecurity Risk Management Initiative

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Sep 20, 2016

On September 20, 2016, the Center for Audit Quality (CAQ) released "Help Shape the AICPA's Cybersecurity Risk Management Initiative," a summary of the two exposure drafts issued by the AICPA on cybersecurity and questions for stakeholders to consider as they read the exposure drafts.

Given the immense scale and complexity of the cybersecurity challenge, every sector of the economy, public and private, has a measure of responsibility for promoting cybersecurity resilience. In response to the challenges posed by cybersecurity threats, the AICPA is developing a new engagement that CPAs can perform to assist stakeholders as they evaluate and oversee the effectiveness of their organization’s cybersecurity risk management programs.

The CAQ has also put together a fact sheet, Cybersecurity: A Dynamic and Complex Risk. This document provides some background on the planned engagement, and explains the potential benefits of a market-based approach to cybersecurity risk management.

Review the summary on the CAQ's website.

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