Code Of Professional Conduct: Registered Tax Agents And BAS Agents

The purpose of this report is to discuss the effectiveness of the internal procedures used to administrate the payroll function and provide information to other stakeholders

Internal control has different control principles, establishing responsibility focuses on allotting different tasks to a concerned person, like each sales person should have an individual sales register. Different controls on physical, mechanical and electronic should be exercised as this will help in reducing the unauthorized use of different resources, this is essential for safeguarding assets and

The internal control structure that can be installed in a new accounting system will help eliminate security risks through mechanics and procedures rather than expensive people ("Accounting - Basic Accounting Components of the Accounting System", 2003).

All staff must adhere to the following policies relating to the collection and usage of client information.

The Privacy Act 1993 came into force on 1st July, 1993. Its aim is to advance and ensure singular security in connection to the gathering, stockpiling, and utilization of individual information. There are twelve information privacy principles (IPP’S),

The Privacy Act was enacted to create a fair practice of collecting, maintaining, using and disseminating personally identifiable information (PII) maintained in systems of records (the contents of an agency’s collection database) (DOJ, 2015). The Privacy Act is a law (or statute) which protects the rights of individuals “not to be watched or followed”, in other words lead their own life in private. Moreover, the Privacy Act regulates

In this report I am going to talk about the rights people have to privacy and about the laws that go with privacy. Privacy is the thought that information that is confidential that is disclosed in a private place will not be available to third parties when the information would cause embarrassment or emotional distress to a person.

The Privacy Act of 1974 was established for the fair use, collection, and dissemination of personally identified information (PII). These records are systematically maintained by several agencies in the United Stated about its citizens, and residents. The disclosure of this information is prohibited but can be accessed either by the consent of the individual or another agency with a warrant. With the internet now being the free-flow mainstream of information, as well as the common place for transfer of personal data, for the use of different servers, new laws and legislations must be implemented to regulate the control of such sensitive information.

Privacy is a term which protects our personal information from others. It’s our decision where, when, with who we want to share our personal information. Privacy is considered as our fundamental right (UN Declaration of Human rights) which refers to freedom of speech, freedom of keeping information secret from others (David Banisar, Simon Davies). Privacy violation is becoming major concern.

The right to privacy is granted to all citizens under the fourth amendment. According to the FTC (Federal Trade Commission Agency), the Fourth Amendment to the United States Constitution provides “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized." The FTC applies the right to privacy in varied privacy policies and privacy statements. Likewise, most of people find that government surveillance is acceptable as long many citizens are quite aware that the government collects their personal data for public safety. According to the FTC, The Privacy Act of 1974 "Provides civil remedies for individuals whose rights may have been violated" and "recognizes that legitimate need to restrict disclosure of some information"(FTC). The Financial Monetization Act of 1999 applies financial practices to supply customers with a privacy policy that describes what kind of data is being collected and "how institutions can collect and disclose of customers ' personal financial information; the Safeguards Rule, which requires

These situations emphasize the need for organizations to have good systems of internal control. Internal control consists of all the related methods and measures adopted within an organization to: 1. Safeguard its assets from employee theft, robbery, and unauthorized use. 2. Enhance the accuracy and reliability of its accounting records. This is done by reducing the risk of errors

The right to privacy is the right of an individual against intrusion of his persona life or that of his family by publication or by physical means. Infringement of privacy is any unauthorised interference of the individuals’ seclusion from the public. The UK does not have a constitutional provision or common law that provides for the right to privacy for individuals.

The advance of information technology has also led to a need for new legislation to be introduced, for example in the United Kingdom the Data Protection Act of 1998. The governments data protection act Web Site gives the following eight rules regarding personal information:

Following on from the internal audit report further controls have been built into the payroll process.

Efficient, logical, effective and systematic methods that include checks, reviews put in place by a company to ensure the veracity of financial information, meet operational and profitability goals and broadcast management policies throughout the organization. Internal controls are how a business or organization’s resources are directed, calculated and observed.