UPDATES + INSIGHTS

Article Summary

• Reinsurance helps insurers transfer risk to reinsurers, protecting financial stability, supporting solvency, and increasing underwriting capacity.
• Different reinsurance structures serve different purposes. Quota share reinsurance shares premiums and losses proportionally, while...

Cybersecurity for Nonprofits Training Slides

May 21, 2026

Larson & Company Recognized by Utah Valley Magazine as the #1 Best Accounting Firm and #3 Best Place to Work 

May 11, 2026

2025 Tax Extensions: Key Deadlines, Forms, and Penalties 

March 30, 2026

Stay Safe This Tax Season: The IRS Dirty Dozen Scams to Know 

March 27, 2026

Larson & Company Named Accounting Today 2026 Regional Leader, Reflecting 50 Years of Partnership-Driven Growth

March, 26, 2026

Article Summary

• WISP Fundamentals: A Written Information Security Plan (WISP) is a formal, documented cybersecurity strategy that outlines how an organization identifies, assesses, and manages risks to protect sensitive data — an essential foundation for any internal control or compliance program.

Article Summary

• Explains how to determine whether a vendor qualifies as a Subservice Organization in SOC 1 and SOC 2 reports.
• Defines Subservice Organizations based on AICPA SOC Audit Guides, emphasizing “relevant” and “necessary” controls.
• Identifies two key factors: whether vendor controls are...

Article Summary

• Purpose and Value of SOC Reports – SOC (System and Organization Controls) reports are independent audit reports that provide assurance about a service organization’s internal controls, helping build trust with customers, partners, and auditors.
• Differences Between SOC Types – The...