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4: In accordance with The Privacy Act 1988, computerized accounting systems have specific requirements for handling personal information about individuals and maintaining a secure record
4: In accordance with The Privacy Act 1988, computerized accounting systems have specific requirements for handling personal information about individuals and maintaining a secure record of all processed transactions. The ATO mandates businesses to keep their financial records for audit purposes. Therefore, establishing systems and practices to ensure information is stored securely is crucial for protecting sensitive data and maintaining the integrity of a business' accounting system. List the security measures an organization should implement to ensure the safety of records for legislative, organizational, and audit purposes
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