LGPD in Accounting Companies: How to Adapt to the New Law

Compliance with the LGPD in accounting companies is crucial to ensure the protection of personal data. See how to follow the new law. Are you prepared for the impacts of LGPD on accounting companies? We are talking about the General Personal Data Protection. Law which will come into force in August 2020 to guarantee the citizen’s right to privacy. For accountants, this is the time to adjust the business to new requirements, which change. The way of collecting, storing and using customer data . But calm down: it’s not as complicated as it seems. If information security and data protection are new to you, let us help you decipher the new law and prepare your office for 2020. Follow the reading and start adapting as soon as possible.

What is LGPD To understand the impact

In conclusion, The LGPD on accounting companies, let’s analyze what the General Law for the Protection of Personal Data says. Law, published on August 14, 2018, regulates the  New Zealand Phone Number Data  activities of processing personal data in physical and digital means. By individuals and legal entities. Its central objective is to protect the fundamental rights of freedom and privacy. The free development of the personality. In practice, the law determines that all personal data (name, gender, age, marital status, occupation, documents , etc.) can only be collected under certain circumstances, including the user’s consent . In that sense, the text is very similar to other international laws such as the General Data Protection Regulation (GDPR) of the European Union and the California Consumer Privacy Act of 2018 (CCPA) of the USA.

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The LGPD is expected to come into effect

According to Provisional Measure No. 869. That is: there is little time, although it is feasible for companies to adapt to the new rules for collecting and processing data. If you still don’t know what LGPD means in accounting companies, let’s help clarify. Impacts of LGPD on accounting The effects of the LGPD on accounting companies begin with the B2C Lead  change in mindset of accountants, who should pay more attention and care with customer information . In fact, the law will impact all economic sectors, as every company stores data about people, including employees, customers and partners. Therefore, the treatment of information must be adapted throughout its data life cycle (collection, storage, transmission and disposal). Remembering that the law deals specifically with personal data , which considers “all information related.

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