Accountants, Clients Online: Who Owns What Data?

Mobile device support and remote access to applications and data is becoming a standard requirement for most businesses today. The “online” working model goes a long way towards

Joanie Mann, The Progressive Accountant

addressing problems face when they need to get team members together no matter where they are. When the information is stored and managed centrally, it is easier to provide access to outside accountants or other professionals.

Yet, while this collaborative working model solves numerous problems, it also introduces a number of issues that neither the business owner nor their outsourced professionals may have thought about. One of these issues is the challenge represented with dissolution of the engagement, and subsequent division of information assets related to it. This separation can become unfriendly and problematic if the parties do not have an agreed-to plan.

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