Data ethics T-10

Question 1

What is data ethics

Answer 1

The principles that govern the responsible use, management and dissemination (spreading) of data.

Question 2

core principles of data ethics

Answer 2

Accuracy

Transparency

Consent

Privacy

Fairness

Accountability

Question 3

Core principles of data storage ethics:

Accuracy

Answer 3

Quality and reliability of information affects business decisions, reporting and compliance.

Inaccurate data will mislead stakeholders

Accountants ensure the data is correct through

verification
Consistent data collection
update database.

Question 4

Core principles of data ethics:

Transparency

Answer 4

Openly communicating with stakeholders about how data is collected and used.

It builds trust and creates an environment of accountability

Question 5

Core principles of data ethics:

Consent

Answer 5

Whether users consent to a data collection is a critical consent issue

Accountants must ensure individuals are informed what data is gathered, how it will be used and how it will be shared.

Also include the right to refuse/withdraw

Question 6

Core principles of data ethics:

Privacy

Answer 6

Accountants handle confidential data so security measures must be in place to protect information.

Also includes data minimisation (collecting only data actually needed and storing it for no longer than required)

Individuals can only collect data that is transparent, consensual and compliant with privacy standards.

Question 7

Core principles of data ethics:

Fairness

Answer 7

Accountants must avoid biases arising during data selection and analysis.

May occur due to sampling methods, incomplete data or prejudiced analysis.

Accountants must examine data they work with to identify biases.
(e.g diverse data sources and cross referencing info)

By upholding fairness, this can help prevent inequalities and data-driven decisions consider all stakeholders.

Question 8

Core principles of data ethics:

Accountability

Answer 8

Professional accountants must justify data practices, explain methodologies and address any issues.

Data governance policies in an organisation should define roles and responsibilities.