New York (June 5, 2003) -- The American Institute of CPAs has issued a proposed Privacy Framework for public review and comment. The Privacy Framework, developed jointly with the Canadian Institute of Chartered Accountants, provides criteria and related material for protecting the privacy of personal information and can be used by CPAs in the United States and by chartered accountants in Canada.

"Effective privacy practices play an important role in corporate governance responsibilities," said AICPA vice president Anthony Pugliese. "As vast amounts of personal information are collected by increasingly complex, sophisticated systems, personal information may be exposed to a variety of vulnerabilities, including loss and misuse. The proposed AICPA/CICA Privacy Framework helps companies apply a common standard or benchmark for their privacy practices."

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