WALTHAM, Mass. – December 15, 2009 - Accounting Management Solutions, Inc. (AMS), a leading provider of outsourced accounting, financial management, and consulting services for private, public, and nonprofit organizations, today announced the availability of a new service for Massachusetts organizations who maintain personal information. In partnership with Tech Networks of Boston, a Boston-based, nationally-recognized leader in the field of sustainable IT and IT security, AMS is offering a Rule 17 Assessment which provides a comprehensive report:
Organizations must develop, implement and maintain a comprehensive security program for any records containing personal information. The new Massachusetts Rule 17.03 and 17.04 define protected information as containing first and last name or first initial and last name with a Social Security number, driver’s license number, state identification number, financial account number or credit or debit card number. Fines for non-compliances range from $5000-$15,000 per infraction. Compliance must be achieved by March 1, 2010.
“Rule 17 directly impacts almost all our Massachusetts clients. It is of particular concern to nonprofit organizations, especially small to medium-sized social service agencies,” said James Bourdon, president and chief executive officer of AMS.
About Accounting Management Solutions
Accounting Management Solutions, Inc. (AMS) headquartered in the Boston area, with offices in Providence, RI and New York City, is a leading provider of outsourced part-time, temporary and interim accounting, financial management, and consulting services to private, public, and nonprofit organizations. As a long-term partner or a short-term solution, AMS provides: interim and part-time senior level support, including chief financial officers (CFO), vice presidents of finance, controllers, directors of finance and senior accountants; audit preparation and support; cash flow reporting and analysis; due diligence; financial reports development; GAAP/FASB compliance; IPO support; merger and acquisition accounting; new form 990 assessment and implementation; Sarbanes Oxley (SOX) compliance; SAS112/115 readiness, internal controls and much more. For additional corporate information, visit http://www.amsolutions.net For finance news and information, sign up for The AMS Report, the company’s free finance industry newsletter.
