IRBA Staff Alert - Protection and Retention of Client Data
CPD Hours: 2
Price: R237.50
IRBA Staff Alert - Protection and Retention of Client Data
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
With digitisation and protection of information the new buzzwords of the decade, the digital processing of data is increasing on a daily basis. Reeling from the effects of the COVID-19 pandemic, clients and firms are working remotely. This means that client data is being exchanged on technological platforms, some of which are unsecure therefore creating threats of data security breaches.
Firms that perform audits and reviews of financial statements, and other assurance and related services engagements could be more susceptible to data security threats than other professions as they process valuable financial and non-financial information, confidential data, and personal identifiable data. Data is processed from the preliminary activities up to the expiration of the retention period of the engagement for prospective, current, and previous clients.
Learning objectives
By the end of this webinar you will understand:
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The contents of IRBA's Staff Audit Practice Alert 6 - Protection and Retention of Client Data;
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How this alert links to various laws, regulations and pronouncements such as POPIA, ISQM 1, and the IRBA Code of Professional Conduct for Registered Auditors;
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Possible threats to the protection and retention of client data;
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Possible implications on the audit firm if the confidentiality of client data is compromised; and
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Developments and improvements of the control environment that can be implemented by an audit firm to protect and retain client data.
Content
The webinar will cover the following topics:
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Staff Audit Practice Alert 6 - Protection and Retention of Client Data.
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How does digital processing link to:
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POPIA?
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ISQM 1?
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IRBA Code of Professional Conduct for Registered Auditors (Revised November 2018).
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Possible threats to the protection and retention of client data;
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Possible implications of client data breach.
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How to protect and retain client data.
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Key considerations when processing client data.
