The EU General Data Protection Regulation (GDPR) is the biggest change to data protection law in the world since the late 90’s. The current laws have been overhauled and modernised. Businesses trading with the EU or handling EU citizens private data will need to comply with the GDPR by 25th May 2018. This mean almost all British organisations will have to adapt to the EU GDPR.
Businesses will be fully accountable for implementing a data governance policy and appropriate security mechanisms. Non-compliance can result in fines of up to €20 million or 4% of a company’s global annual turnover, whichever is greater.
The adaption process to the EU GDPR will take time and energy from businesses, especially SMEs.
This action pack is designed to help accountants understand the new regulations being enforced from the 25 May 2018 and to provide them with some tools to educate their clients and offer basic advice on data security and privacy.
We give you an overview of the new regulations, the responsibilities to show compliance, the changes you may need to make and checklists for you and your clients to identify changes you may need to make.
Written specifically for SME’s this guide outlines the basics of demonstrating a business complies with the GDPR and gives practical guidance.
Overview of the new Regulations;
Responsibilities, Accountability, Governance;
Specific actions for accounting firms;
Internal data and security audit documentation;
Data security guidance;
Educating clients (e) mail, newsletter and ;
Client Review Document;
Authors: The 2020 Team, Sandy Gilchrist and Matt Jackson
Associate Director of Emms Gilmore Liberson
Having qualified as a solicitor in 2011 Matt has worked at two large regional firms within South-West England before joining Emms Gilmore Liberson in February 2017.
Matt has spent his entire legal career as a specialist commercial solicitor, negotiating and advising his clients in respect of their trading agreements and supplier and customer relationships. He has developed a particular specialism in advising his clients in respect of IT and software matters.
Sandy is a GDPR-certified professional, with 25 years experience of information governance, privacy, data protection, and security policies. He acts as the Data Protection Officer for numerous Accountants, conducting audits and delivering remediation changes to assist firms and their clients to comply with GDPR. Sandy has recently been featured in Business Leader magazine as one of the country’s foremost experts on GDPR
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