AICPA Amendment Added to House Bill to Set Up Privacy Commission.
| Position | American Institute of Chartered Public Accountants - Brief Article |
The House is set to consider a bill to establish a "Commission for the Comprehensive Study of Privacy Protection" that includes an AICPA amendment requiring the Commission to report on third-party verification as an enforcement mechanism. Third-party verification means that an objective third party examines a business' privacy policy to make sure that its privacy claims are true. The AICPA asked for the amendment to be added because CPA [WebTrust.sup.sm] is an example of a third-party verification program currently available in the private...
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