Adapted from the us department of commerce website at

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Unformatted text preview: h the principles. Adapted from the U.S. Department of Commerce website at: http://www.export.gov/safeharbor/sh_overview.html http://www.export.gov/safeharbor/sh_overview.html Role of Accounting Profession Role AICPA formed the AICPA Privacy Task AICPA Force to review privacy issues. Force The task force defines privacy as: – The rights and obligations of individuals and The organizations with respect to the collection, use, disclosure and retention of personally identifiable information. identifiable Privacy and Organizations Privacy Managers are obligated to institute the Managers internal controls necessary to protect the confidentiality of personal information collected in the course of business. collected AICPA believes that independent AICPA accountants are qualified to conduct privacy engagements engagements – Ensures privacy related controls are in place Ensures and operating effectively and What is protected? What Any personally identifiable information, Any factual or subjective, that is collected by an organization. organization. Information is considered private if it can be Information specifically tied to or identified with an individual. individual. Factual Information Factual Age Name Income Ethnicity Blood type Biometric images DNA Credit card numbers Loan information Medical records Medical Subjective Information Subjective Opinions Evaluations Comments Disciplinary actions Disputes Disputes IT Auditor’s Role in Privacy IT To ensure that management develops, To 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 To controls designed to protect personally identifiable information in organizations. identifiable...
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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.

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