The aim of these 1-hour GDPR courses 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.
Presenter: Stuart Anderson – Innovate