Responding to concerns about identity theft and security breaches linked to portable devices, the AICPA [American Institute of Certified Public Accountants] and the Canadian Institute of Chartered Accountants have expanded Generally Accepted Privacy Principles to include protocols for securing personal information.
The AICPA/CICA Generally Accepted Privacy Principles are recognized by the IRS and other organizations. The privacy framework offers guidance and best practices for securing portable devices, breach management and ensuring continued effectiveness of privacy controls. The guidance also covers disposal and destruction of personal information.
Read more in the Journal of Accountancy.
Hat-tip, Corporate Reporting to Stakeholders.