The aim of this conference is to help accountants comply with the new GDPR rules on collecting, storing and processing personal data associated with their clients, employees and any third-party partners or contractors.
The General Data Protection Regulation (GDPR) came into force throughout the EU on 25 May 2018, replacing the Data Protection Acts 1988 and 2003 in Ireland.
The new legislation introduces:
- Substantially increased data protection rights for individuals
- Greater responsibilities and obligations for all organisations and businesses that process and/or control data and
- More robust powers for the Office of the Data Protection Commissioner to tackle non-compliance, including fining capabilities of up to €20m (or 4% of total global turnover, whichever is greater).
As an accountant, you process (and, in some case, may control) personal data in various forms, including tax, bookkeeping, payroll and accounting data; due diligence findings, data in client-related emails and working papers; data in employee records and any data held for marketing purposes.
Therefore, your business is subject to GDPR and failure to comply with could result in hefty fines in addition to reputational damage.
Areas covered include:
- Increased citizens’ rights and the new, wider definition of “personal data” under GDPR
- Understanding whether you are a data processor and/or a data controller
- Potential conflicts for accountants such as the requirement to notify and communicate with data subjects versus your legal and professional confidentiality obligations
- Problems associated with relying on ‘consent’ and alternative justifications for processing data, such as legitimate purposes, performance of a contract or for regulatory purposes
- Keeping data secure and preventing cyber-crime
- Additional security considerations associated with data in motion, data handled by your external suppliers/partners, and data transferred outside the EU
- Obligations in terms of reporting of data breaches
- Actions required to ensure compliance in your practice
- 6 Step GDPR Implementation Blueprint – Des O’Neill – OmniPro
- Data Protection & GDPR – A Practical Approach for Accountants – Jason Dowing – Red Flare
- The Top 10 Most Common Questions from Accountants in Relation to GDPR – Des O’Neill – OmniPro
- Payroll Data & GDPR – Karen Bennett – Thesaurus
- AML V’s Data Protection – Melanie Blake – Council Member, Association of Compliance Officers in Ireland
- GDPR & IT Security – Gavin O’Donovan – Innovate
- GDPR Came into Force on 25th May 2018……What Should You Have Done by Now to be Compliant – Stuart Anderson – Innovate
- Round Table Q & A – Des O’Neill, Karen Bennett, Gavan O’Donovan, Stuart Anderson