Response to Globalization of Data Privacy
Response to Tiesha Walker,
Good Morning Tiesha. Principles of globalization can be applied to help harmonization of data laws by requiring the protection of data subjects in online platforms that are used by corporates to reach their employees, customers, and varied stakeholders. Through such principles, the data of any single client or customer shall be made anonymous and breach of privacy shall be communicated to the affected person. The GDPR as defined and outlined by Tiesha helps in promoting data privacy but such laws are not possible to be passed by some countries in the world. This may be due to a lack of internet connectivity and a lack of credible democratic ideals. I fully agree that there should be global data privacy laws since it makes the users more comfortable every time they use online platforms to satisfy their needs. Harmonization of data privacy laws will help in exposing fraudulent activities taking place in the accounting sector. Thus, the laws will protect whistleblowers and promote adherence to global accounting standards.
Response to Breonna Boddie,
Hello Breonna. Globalization principles can be applied in the harmonization of data privacy laws by requiring organizations operating outside their country to meet certain minimum threshold of data protection. Other countries across the world apart from European Union can’t pass laws similar to GDPR. This is because it emasculates the sovereignty of the state as it comes to handling issues of internal security. Therefore, limiting the individual state agencies in the war against terrorism activities since data within the business entity will be protected. I agree with Breonna that global data laws are not easy to achieve due to compromise on the identity of the sovereignty of countries. Data harmonization across countries will make the accounting profession adhere to international acceptable reporting standards.
References
Coos, P. byA. (2021, April 23). EU vs the US: What are the differences between their data privacy laws? Endpoint Protector Blog. Retrieved February 3, 2022, from https://www.endpointprotector.com/blog/eu-vs-us-how-do-their-data-protection-regulations-square-off/
Does the GDPR apply to companies outside of the EU? GDPR.eu. (2019, February 13). Retrieved February 3, 2022, from https://gdpr.eu/companies-outside-of-europe/
What is GDPR, the EU’s new Data Protection Law? GDPR.eu. (2019, February 13). Retrieved February 3, 2022, from https://gdpr.eu/what-is-gdpr/
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