Preparing for GDPR

Apr 20, 2018

Meeting General Data Protection Regulation (GDPR) compliance requirements has become a top priority for the majority of Irish businesses over recent months. Accountancy practices are no different, and as the 25 May enforcement deadline approaches, the Institute has being helping both you and your clients to prepare for GDPR in a number of ways.  For example, we have provided guidance via articles in recent issues of Accountancy Ireland, while during February & March we have run a series of half day courses in a number of towns and cities across Ireland.  In addition, earlier this month our publications department has made available a handy GDPR booklet, specifically for our practice members to distribute to their clients and contacts. Further details on our currently available guidance can be found at https://www.charteredaccountants.ie/knowledge-centre/guidance/gdpr

Recognising that GDPR implementation presents both specific challenges and opportunities for accountants in practice, the Practice Consulting team is also busy both offering advice and preparing detailed practical guidance in this area for our members across the island of Ireland, explaining what the changes resulting from GDPR will mean for both your practice and your clients.  This guidance will include:

  • GDPR Template Outline Procedures to be tailored and used by an accountancy firm;
  • A paragraph for a client engagement letter addressing GDPR and a template privacy statement;
  • GDPR 8 Step Guide; and 
  • Explanation of GDPR terms.

We intend to make these practice aids available to you in the next few weeks and ahead of the GDPR effective date of 25 May. The procedures will be free of charge to our members. In the meantime, practices should continue with their preparations. Given the specialised legal nature of GDPR and depending on firm’s individual circumstances, members firms may need to obtain independent legal advice on compliance. 

Practice Consulting has also developed a half day consultation offering. Following the publication of our procedures, one of our consultants can visit your firm and offer practical advice and guidance on how to tailor your procedures, make progress on your GDPR journey, and meet key compliance milestones.  If you have any question in relation to GDPR, please feel free to contact either Conal or Jeremy in Practice Consulting by email at practicemembers@charteredaccountants.ie or by telephone at 01 637 7300.