Association of Chartered Certified Accountants (ACCA) Certification Practice Test

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What principle requires personal data to be obtained and processed in a fair and lawful way?

Purpose
Fair and Lawful
Accurate
Security

The correct answer is: Fair and Lawful

The principle that mandates personal data to be obtained and processed in a fair and lawful manner is the Fair and Lawful principle. This principle emphasizes the importance of transparency and ethics in data processing. Under this principle, organizations must ensure that individuals are aware of how their data will be used and that their consent is obtained where necessary. It also highlights the need for organizations to comply with relevant laws and regulations governing data protection. By adhering to the Fair and Lawful principle, organizations not only respect the rights of individuals but also foster trust and accountability in their data handling practices. This foundation ensures that personal data is treated with the utmost care and respect, fulfilling legal obligations and ethical standards. In contrast, the other principles focus on different aspects of data management, such as ensuring data is collected for a specified purpose, maintaining accuracy, and implementing security measures, but do not directly address the fairness and legality of data processing.