NEWS
- 2016 Annual Report - The state of privacy 2017: EDPS provides mid-mandate report
The GDPR has been, and will continue to be, the point of reference for our work. As set out in the Strategy for the EDPS mandate, the aim is to make data protection as simple and effective as possible for all involved.
- GDPR Course in Copenhagen
The first two comprehensive GDPR seminars were held in Copenhagen on n November 2016 and March 2017; both were a tremendous success
- The multijurisdictional scope of the EU GDPR
Crucial to the General Data Protection Regulation (GDPR) and integral to the entire legislation, is its explicitly extended territorial scope. This rather ambitious piece of legislation obviously seeks to exercise control and impose sanctions in jurisdictions beyond the EU and when EU citizen data protection rights are at risk.
- The correct GDPR implementation can protect the organisation on data and IT Governance
Getting started the right way to assess, compile and measure the tremendous amount of effort required for GDPR compliance cannot be performed by other than in-house staff who know the idiosyncrasies of digital platforms, software ecosystems and how to streamline the current data and communication structures.
- Preparing for the threat of digital disruption
As the world becomes more and more digital, so do the threats that it faces. Just as we need to protect our organizations from the disruptions that occur in the physical world, we also need to have plans in place to deal with disruptions in the virtual world.
- Revenue recognition is part of a strategic plan and not a technical accounting issue
The new guidance revenue recognition and lease accounting standards will cause all companies to rethink how they compute their revenue and whether it’s time to automate the process. For subscription-based businesses, the challenges are further magnified. As the effective dates for the new revenue recognition standards are quickly approaching, the UK and other companies worldwide should develop an adoption plan that will ensure compliance with ASC 606 & IFRS 15 guidelines. A recent survey revealed that there are still many businesses that are undecided on which method they will use to use to adopt this new revenue recognition standard.
- How can the Audit Committee create value based on current best-practices on broader management issues
The Board of Directors (BoD) has critical decision-making authority that can have serious positive or adverse consequences for the entire company. Research has repeatedly shown, that groups on average make better decisions and fewer mistakes than individual leaders. Therefore, to increase odds of success, the new directive of roles and responsibilities of the BoD Audit Committee makes the group rather than an individual accountable.
