As accountants in practice, it is important to counsel our clients on being responsible; for example, insuring they have a will. We suggest that they store valuable documents in a secure location, such as a safe deposit box. Yet the rules have changed! So many transactions are now conveyed electronically. How do you receive utility bills, credit card statements, and broker statements today? If you are like me, and millions of others who live in the digital world, you most likely receive them via electronic statements. Now, where are all these electronic documents stored and how are they maintained? Read more...