Big 5 Firms Rally for 'Net Privacy'

Consumer privacy and ramifications of the topic still stir controversy even in the most conservative circles. Take several Big 5 firms, for example, who are playing a major role in nailing the coffin shut on any mishaps related to secure information.

A new group is being formed called the Personalization Consortium, and Big 5 members include PricewaterhouseCoopers and KPMG. In fact, PWC Partner Larry Ponemon serves as co-chairman.

The group is developing a set of guidelines for member businesses to follow when they collect information about a customer or user, and will ask members to display a unique 'seal' on the site to verify the security of the information collected.

The group plans to formalize the organization on April 5 during Internet World in Los Angeles. According to sources, several businesses apparently have said they would not join the group because the suggested guidelines require that the consumer understand exactly what data is being collected. Guidelines also require Web site privacy practices to be audited.

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
ADVERTISEMENT

This Week on AccountingWEB

CPAs Mira Finé, Scott Hitchcock, Rob Keasal, Kathy Scorcio, and Ken Travis offer ten pieces of financial advice for the newest Powerball winner.
Hang Bower of BDO USA and Dan Black of Ernst & Young share their perspectives on why their firms made the Best Places to Work for Recent Grads 2013 list.
Herbein + Company, Inc. firm members talked with AccountingWEB about their year-round employee wellness program.
Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT