Article: Developed to help organizations better manage personal information and mitigate risk

PRIVACY STANDARDS ISSUED BY AICPA FOR PUBLIC COMMENT

In June 2003, the AICPA issued an Exposure Draft of the new AICPA/CICA Privacy Framework. The proposed framework includes an enterprise wide privacy principle - personal information is collected, used, retained and disclosed in conformity with the commitments in the entity's privacy notice and with the AICPA/CICA Privacy Criteria - along with 10 privacy components and related criteria essential for proper protection and management of personal information, both on- and offline. This exposure draft is available at www.aicpa.org.

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