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A PIA should accomplish two goals: (1) it should determine the risks and effects of collecting, maintaining, and disseminating information in identifiable form via an electronic information system; and (2) it should evaluate protections and alternative processes for handling information to mitigate potential privacy
The Privacy Impact Assessment (PIA) is a decision tool used by DHS to identify and mitigate privacy risks that notifies the public: What Personally Identifiable Information (PII) DHS is collecting; Why the PII is being collected; and. How the PII will be collected, used, accessed, shared, safeguarded and stored.
Privacy Impact Assessment (PIA) describes a process used to evaluate the collection of personal data in information systems. The objective of a PIA is to determine if collected personal information data is necessary and relevant.
The FDIC uses Privacy Impact Assessments (PIA) to identify, analyze, and manage privacy risks. Our PIAs demonstrate that the FDIC has fully considered privacy and incorporated appropriate privacy protections from the earliest stages of Corporation activity and throughout the information life cycle.
The IRS Individual Master File (IMF) is currently the IRS authoritative data source (ADS) for individual tax account data. This means that IMF is the system that other IRS systems currently rely on for individual tax account data necessary for tax administration.

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Privacy assessments Also, a PIA is a way for the federal government to state its commitment to protect the privacy of individuals. PIAs promote transparency and accountability, and contribute to continued public confidence in the way the government manages personal information.
The objectives of a PIA include: Provide a tool to make informed policy and system design or procurement decisions based on an understanding of privacy risks and options available for mitigating these risks. Ensure that system and program managers are accountable for the proper handling of privacy issues.