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principles. Adapted from the U.S. Department of Commerce website at:
http://www.export.gov/safeharbor/sh_overview.html Role of Accounting Profession
Role AICPA formed the AICPA Privacy Task
Force to review privacy issues.
Force The task force defines privacy as:
– The rights and obligations of individuals and
organizations with respect to the collection,
use, disclosure and retention of personally
identifiable Privacy and Organizations
Managers are obligated to institute the
internal controls necessary to protect the
confidentiality of personal information
collected in the course of business.
collected AICPA believes that independent
accountants are qualified to conduct privacy
engagements – Ensures privacy related controls are in place
and operating effectively
and What is protected?
What Any personally identifiable information,
factual or subjective, that is collected by an
organization. Information is considered private if it can be
specifically tied to or identified with an
individual. Factual Information
Age Name Income Ethnicity Blood type Biometric images DNA Credit card numbers Loan information Medical records
Medical Subjective Information
Opinions Evaluations Comments Disciplinary actions Disputes
Disputes IT Auditor’s Role in Privacy
IT To ensure that management develops,
implements and operates sound internal
controls aimed at the protecting private
information it collects and stores during the
normal course of business.
normal To assess the strength and effectiveness of
controls designed to protect personally
identifiable information in organizations.
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This note was uploaded on 03/31/2014 for the course ACCOUNTING 1 taught by Professor Salendrez during the Spring '13 term at De La Salle University.
- Spring '13