WISP Report

Protect Your Firm & Stay Compliant with a Professional WISP Report

As an accountant or tax professional, safeguarding sensitive client data is crucial. With increasing cybersecurity threats, the IRS now requires tax preparers to have a Written Information Security Plan (WISP). Let Merit Cyber handle the technicalities so you can focus on what you do best—serving your clients.

What Is a WISP?

A Written Information Security Plan (WISP) is a formal document that outlines how your firm will protect client data from unauthorized access and breaches. Under IRS Publication 4557 and the FTC Safeguards Rule (16 CFR Part 314), any business handling taxpayer data is required to implement and maintain a robust information security plan.

Why Do You Need a WISP?

IRS Requirement: Failing to comply with IRS guidelines could jeopardize sensitive client data, resulting in legal and financial penalties.
Data Protection: A well-crafted WISP helps your firm stay secure by outlining clear steps for safeguarding client data.
Compliance: As cyber threats grow, adhering to data security regulations becomes non-negotiable.

Why Merit Cyber?

Small and medium-sized accounting firms often lack the dedicated IT resources to address cybersecurity requirements. That’s where we come in:

Simplified Process: Our easy-to-complete self-assessment collects the necessary data to kickstart your WISP.
Expert Guidance: Our cybersecurity professionals assist you in identifying risks, setting policies, and crafting your WISP.
Peace of Mind: Rest easy knowing your firm meets IRS requirements with a professionally crafted WISP.

“You must have a written information security plan (WISP) to protect taxpayer data.”
– IRS Publication 4557: Safeguarding Taxpayer Data: A Guide for Your Business

What’s Included in Your WISP Report?

Risk Assessment: Identification of potential risks to sensitive client data.
Data Safeguards: Specific measures your firm has in place to secure data.
Employee Policies: Procedures for training staff and raising awareness about security practices.
Breach Response Plan: Steps for detecting, responding to, and recovering from data breaches.