L2 AAT financial information & data security

Valid information can be obtained from

• Social media

• Colleague

• HMRC

• News

The key benefits of obtaining valid information from more than one source is to....

(Select as many as you think are true)

• Confirm accuracy of information

• Check the information is up-to-date

• Provide different opinions

• To act as reassurance that the information can be passed on as reliable

Useful information should have these features

(Choose as many as you think are correct)

• Reliable

• Incomplete

• Understandable

• Timely

• Accurate

Keeping confidentiality within a business means?

• Keeping data backed up in more than one format

• Being truthful & honest in your dealings

• Not releasing personal data to outsiders

Data protection legislation, such as the Data Protection Act in the UK, typically focuses on which ONE of the following?

• Rights of individuals with regards to withholding information about oneself

• Issues concerning data held about incorporated entities

• The way data about the individual is to be obtained, used and stored

• Aligning the information requirements between different countries

Compliance with GDPR is the only thing that matters where data usage is concerned

• TRUE

• FALSE

Answer explanation

Compliance with legislation such as the GDPR laws is something that all companies should achieve. However, there are also ethical considerations concerning data, such as the principle of confidentiality which also need to be considered