Legal issues in the cloud
July 2012

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.