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Practice Management
Accounting firms aren’t falling for phishing because someone clicked carelessly, they’re being targeted because the job runs on constant pressure. Tight deadlines, broken portals, impatient clients, cash-flow stress, and month-end that never ends create the perfect opening for cybercriminals. Attackers don’t need advanced hacking tools, they simply wait for you to be tired, rushed, or juggling ten things at once. One “urgent instruction,” one “payment release,” one “SARS confirmation,” and the trap is set. Phishing succeeds not through incompetence, but through timing and criminals are exploiting the realities of accounting work with precision.
Certified copies won’t cut it anymore and neither will complacency. The FIC’s new rules have flipped client verification on its head, shifting the burden squarely onto accountants. One wrong call and it’s not your admin clerk who’s liable, it’s you. From a 66x spike in ID check costs to the death of tick-box KYC, this is the moment every small firm must decide: adapt or fall behind. The new FIC framework rewards judgment, not paperwork and it’s changing how we onboard, price, and protect our practices. Are you ready to prove you really know your client?
Most people don’t think in ratios or IFRS terms; they think in plans, people, and paydays. This article shows how to turn financial data into clear, practical insights that clients and managers can understand and act on. By adding context, using plain language, and linking every number to a decision, accountants can move beyond reporting results to helping businesses grow and succeed.