Under the PIPEDA, Suppliers and Contractors of the Company Are

question 20

True/False

Under the PIPEDA, suppliers and contractors of the company are not required to safeguard the personal information of the clients of the company.

---

Definitions:

SMEs

Small and Medium-sized Enterprises, which are businesses with personnel numbers or financial turnover falling below certain predefined limits.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).

Amortized

In finance, to amortize a debt means to reduce or extinguish it by making regular payments over a period of time, effectively decreasing the principal amount along with interest.