Legal issues in the cloud
Robert Percival comments on the impact of cloud computing on forensic accounting in The Bottom Line & The Lawyers Weekly's Forensic Accounting & Fraud guide, titled
Legal Issues Reign in the Clouds.
Robert Percival comments on the impact of cloud computing on forensic accounting in The Bottom Line & The Lawyers Weekly's Forensic Accounting & Fraud guide. Robert speaks to key issues companies need to consider including:
- Jurisdiction—“It’s often very difficult for a cloud operator to say where the data is. It can reside in multiple locations and not even be in one country.”
- Due diligence—“When you do your due diligence, look at it from the perspective of what are your regulatory requirements and what does the law require.”
- Cloud contracts—Currently cloud contracts are often boilerplate. Customization is not customary . . . “You’re not going to have some of the contractual rights you would have in a traditional contract.”
The full article can be read on The Lawyers Weekly's website.