Category: Industry

Protecting Yourself from Identity Theft

Protecting Yourself from Identity Theft: Facts and Tips on How to Minimize your Exposure Not long ago, thieves had to actually go out to steal things. But with the advances in technology, thieves and criminals have found a new way to make a living without much risk of getting caught – by stealing someone's identity. According to consumer.gov, identity theft transpires when someone obtains your personal information and uses it in the absence of your knowledge for their own gain. Identity theft is a very serious crime. However, the Financial Crimes Enforcement Network described identity theft as a “crime that…

Service Organization Control Series Part I: Effective Use of SOC 1

Service Organization Control reports allow companies to outsource to a service entity various duties and responsibilities that are relevant to their business, including functions that are essential to their daily business undertakings. In effect, the organization is able to minimize its costs while increasing its core competencies. However, the American Institute of Certified Public Accountants reported that each time user entities outsource tasks from service organizations, the service firms’ risks also become the user entities’ risks. The increasing demand for outsourcing, and the risks associated with it, has led to a more formalized system of monitoring and supervising the processes of…

BKM Sowan Horan Makes Service Add Up

Dallas Business Journal by Jessica Huseman, Staff Writer Date: Friday, October 21, 2011, 5:00am CDT BKM Sowan Horan says it treats its customers differently from most other CPA firms. When you begin working with it, you don’t only have access to one person, you have access to the entire firm. Addison accounting firm uses a collaborative approach “Accounting firms have a history of being very silo-oriented. ‘My clients are my clients, and his clients are his clients,’” said Rick Sowan, senior partner. “We do things differently.” Sowan said his firm focuses on collaboration, making it so that multiple people can…

BKM Sowan Horan Joins KS International

Dear Friends and colleagues, The partners of BKM Sowan Horan, LLP are pleased to announce our Firm’s association with Kingston Sorel International (KSi). KSi has approximately 150 offices in over 60 countries and is one of the top 20 international accounting associations. "Our clients with overseas accounting and tax needs will now be served by an international association of accounting firms that has the necessary technical expertise to meet their needs. Moreover, we believe KSi reflects our approach to client service and possesses the flexibility to serve middle market clients” said Rick Sowan, managing partner. "The KSi client service model…