GDPR, Something Stringent Building Sway, Part VI
GDPR VS CCPA: an Appraisal of GDPR-inspired US State Legislations There is no federal legislation in the US that emulates or matches the General Data Protection Regulation (GDPR), as the last proposed federal online privacy bill, the American Data Privacy and Protection Act (ADPPA) was opposed by “big tech” and by California lawmakers. https://youtu.be/XvrSahtrEL4?t=37 Some states have […]
GDPR, Something Stringent Building Sway, Part V
Art. 40 GDPR Codes Of Conduct, One to Emulate Last time we considered the international concerns and challenges the General Data Protection Regulation (GDPR) raises. Now we look at Art. 40 GDPR Codes of Conduct, the main source of the anxieties and challenges being the provision that encourages the development and adoption of Codes of Conduct by supervisory authorities, associations and other bodies […]
GDPR, Something Stringent Building Sway, Part IV
GDPR an Overview: International Issues And Challenges The General Data Protection Regulation (GDPR) raises international concerns and challenges. Firstly, data transfers to third countries and international organizations are problematic. It has ineffective and inefficient mechanisms for cooperation among supervisory authorities in different states. It has limits in its extraterritorial application and enforcement, and, lastly, its impact and influence on other […]
GDPR, Something Stringent Building Sway, Part III
GDPR, Pixabay, Pixabay Content License GDPR an Overview: Data Subject Rights, Remedies, and Terminology Last time we considered the applicability and the principles of the GDPR. Now we take a closer look at the rights, including but not limited to the right to be informed, the right to erasure, the right to restriction on processing, and the right […]
GDPR, Something Stringent Building Sway, Part II
GDPR an Overview: Applicability and Principles Previously we noted that the General Data Protection Regulation (GDPR) addressed the inadequacies of EU law Directive 95/46/EC, so formally it is a comprehensive and complex law that regulates how personal data of individuals in the European Union (EU) and the European Economic Area (EEA) is collected, processed, stored, and transferred. […]
GDPR, Something Stringent Building Sway
GDPR’s Precursor Beginning in the 70s, then through the 80s and 90s, given the increased use of information and communication technology (ICT) in private and official activities, growth in international trade, globalization, and resultant cross-border communications and information flows, and the growing concerns of data subjects (users) for privacy and the preservation of other rights legislation for data protection seemed […]
Recapitulation of Generative AI Use in Accounting
Recapitulation of Generative AI Use in Accounting Over the past seven-series articles, which began on January 5, 2024, we considered generative AI use in accounting: more precisely the promise and the practice of generative AI capabilities, the risks of generative AI use in the accounting practice, accountancy standards and regulatory bodies, the policies of those bodies regarding generative AI, […]
Private Database Implementation of Generative AI in Accounting
A private database is a data source that is not publicly accessible or shared with anyone else. It can help prevent data leakage, help maintain the accounting client confidentiality, and assure compliance with data protection laws and regulations, such as the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA,) when using a large language model like […]
Custom API Script and Plugins for Generative AI in Accounting
Last time we looked at the manual use of generative AI in accounting. We noted the limitations of manual use in larger-scale accounting operations. As such we recommended using custom application programming interface (API) scripts and plugins where and when manual operations can become tedious. On the one hand, custom API scripts are pieces of […]
Implementation of Generative AI (LLM System) in The Accounting Practice
Last time, we recounted the policies regarding AI use in the accounting industry by regulatory bodies. This time, in our discussion of an accounting AI system, we will focus our attention on selected, technical LLM accounting solutions and less so on a project integration plan for the implementation of such. So, see the implementation tab […]