This privacy statement describes our reasons for collecting personal data through the IFRS 17 Solved Core Solution and provides information about individuals’ rights in relation to personal data. We may use the personal data provided through the IFRS 17 Solved Core Solution for any of the reasons set out in this privacy statement.
This privacy statement relates only to the IFRS 17 Solved Core Solution. It does not relate to other products, services or sites of PwC or any other party.
The data controller is the entity with primary responsibility for the protection of personal data and for ensuring compliance with applicable data protection laws.
The data controller of the personal information collected in connection with this application is the PwC firm responsible for delivering professional services to you or your organisation.
If you are not receiving professional services from any PwC firm and you are a PwC professional or act in a professional capacity for PwC then the data controller of your personal information is the PwC firm in the location from which you access this application.
To understand the structure of the PwC network, see: https://www.pwc.com/gx/en/about/corporate-governance/network-structure.html
Each firm in the PwC Network is a separate legal entity. For a list of PwC firms see https://www.pwc.com/gx/en/about/corporate-governance/legal-entities.html.
For countries and regions in which PwC firms operate see http://www.pwc.com/gx/en/about/office-locations.html.
In this privacy statement, “PwC”, “us”, and “we” means the PwC firm that is the data controller of your personal information.
In this privacy statement, we refer to information about you or information that identifies you as “personal data” or “personal information”. We also sometimes collectively refer to handling, collecting, protecting or storing your personal information as “processing” such personal information.
By using this application and providing personal information to us, you acknowledge you have read this privacy statement, and, to the extent your consent is necessary and valid under applicable law, you consent to the collection, use and disclosure of such personal information by PwC and any third party recipients in accordance with this privacy statement.
The tool is a solution which accepts data from clients through a web interface, stores the data in databases, performs calculations and mappings of the data, and produces results (journal entries, financial statement line items and disclosure tables) for IFRS 17.
We do not need or collect, and we ask you not to provide, sensitive personal data through this application. Sensitive personal data, also known as special category personal data, covers information relating to, among other things, race, ethnicity, political opinions, religious or philosophical beliefs, biometric or genetic data when used to uniquely identify you, information about health or sexual life and criminal acts. If you provide sensitive personal data the act of doing so constitutes your explicit consent for us to collect and use that information for the purposes described in this privacy statement.
We will not pass your information to third parties outside the PwC Network for direct marketing purposes.
Providing personal data is not a statutory or contractual requirement but failure to provide certain personal data may affect our ability to provide the services you have requested.
We collect the following personal information.
We use personal data for the following purposes.
The application may link to third party sites not controlled by PwC and which do not operate under PwC privacy practices. When you link to third party sites, PwC privacy practices no longer apply. We encourage you to review each third party site's privacy policy before disclosing any personal information.
Applicable laws may require us to set out in this privacy statement the legal grounds on which we rely in order to process your personal information. In such cases, we rely on one or more of the following processing conditions:
If we process your personal information, your personal information may be transmitted and stored outside the country where you are located. This includes countries outside the European Economic Area (EEA) and countries that do not have laws that provide specific protection for personal information.
Where we collect your personal information within the European Economic Area, transfer outside the European Economic Area will be only:
The US member firm of PwC, PricewaterhouseCoopers LLP and its affiliated US subsidiaries (together, “PwC US”), adheres to the Swiss-U.S. Privacy Shield Framework as set forth by the U.S. Department of Commerce regarding the collection, use and retention of personal information that is transferred from Switzerland to the United States. PwC US has certified that it adheres to the Privacy Shield Principles within the scope of PwC US’s Privacy Shield certification. To learn more, see https://www.pwc.com/us/en/site/privacy-shield.html
For PwC Member Firm locations, see https://www.pwc.com/gx/en/about/office-locations.html
We may share personal data with other PwC member firms where necessary in connection with the purposes described in this privacy statement. For example, when providing professional services to a client we may share personal information with PwC Member Firms in different territories that are involved in providing services to that client.
We may transfer or disclose the personal data we collect to third party contractors, subcontractors, and/or their subsidiaries and affiliates. Third parties support the PwC Network in providing its services and help provide, run and manage IT systems. Examples of third party contractors we use are providers of identity management, website hosting and management, data analysis, data backup, security and cloud storage services. The servers powering and facilitating our IT infrastructure are located in secure data centres around the world, and personal data may be stored in any one of them.
The third party providers may use their own third party subcontractors that have access to personal data (sub-processors). It is our policy to use only third party providers that are bound to maintain appropriate levels of security and confidentiality, to process personal information only as instructed by PwC, and to flow those same obligations down to their sub-processors.
We may also disclose personal information under the following circumstances:
We adhere to internationally recognised standards of technology and operational security in order to protect personal information from loss, misuse, alteration and destruction. Only authorised persons are provided access to personal information. These individuals have agreed to maintain the confidentiality of this information. We have a framework of policies and procedures in place covering data protection, confidentiality and security and regularly review the appropriateness of the measures we have in place to keep the data we hold secure.
Although we use appropriate security measures once we have received your personal data, the transmission of data over the Internet (including by email) is never completely secure. We endeavor to protect personal data, but we cannot guarantee the security of data transmitted electronically over the Internet.
We will retain your personal information only for as long as we need it for the purposes described in this privacy statement unless we are required by law, regulation or our professional obligations to retain it for a longer period.
Our applications are not intentionally designed for or directed at children, and our terms and conditions of use require all users to be above the age of majority in their local country. We never knowingly collect or maintain personal information about individuals under the age of 18.
This privacy statement was last updated on 17 August 2020
We may update this privacy statement at any time by publishing an updated version here. So you know when we make changes, we will amend the last revision date at the top of this page. The new modified privacy statement will apply from that revision date. Therefore, we encourage you to review this privacy statement periodically to be informed about how we are protecting your information.
Users of this application may request their account be deactivated at any time by sending their request to their PwC contact.
You may have certain rights under your local law in relation to the personal information we hold about you.
In particular, you may have the legal rights listed below:
Please submit a request to exercise a legal right in relation to your personal data, or an enquiry if you have a question or complaint about handling of your personal data.