Ais_Alt_Paper final

Ais_Alt_Paper final - Privacy Management Privacy management...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Privacy Management Privacy management is an integral part of any company in today’s market . It is has become such a major issue that members of the AICPA have voted it as the number two “2009 AICPA Top Technology Initiatives” and it is one the most widely discussed topics . It has become so important in today’s society, that it has enacted legislation for nearly every state in the country . It is also essential for the success of every company to sustain their clients trust and continue to operate . The main issues that are commonly discussed and I will be explaining are: why is it necessary for privacy management, what are some safeguards that can placed into businesses, what are the legal issues that can arise . What is Privacy Management? The AICPA describes Privacy Management as: “The right to privacy is a commonly assumed fact, and failure to protect sensitive information can cause serious damage to an organization's reputation and subject it to legal penalties . Privacy Management involves the strategies and safeguards used to protect the privacy of an organization’s records that include resources, restricted assets, personnel, client and customer personally identifiable information . Safeguards are enforced so that this information cannot be released to or accessed by unauthorized subjects . The initiative includes complying with local, national and international laws . Privacy management has become necessary in many more ways than one . It has not only become necessary because of the goal of sustaining clients and growing as a business to make money, but it has also been required by the state to have some form of controls to protect the privacy of their residents . By having strong privacy management controls companies are helping
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/28/2012 for the course ACC 319 taught by Professor William during the Spring '12 term at Columbia College.

Page1 / 5

Ais_Alt_Paper final - Privacy Management Privacy management...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online