They further said that if you need to access any sensitive personal data, or if you need to log in as a user in order to debug a problem, you need to have approval from your manager _before_ the access, not after.
Also, you are not allowed to access the data of anyone you know personally for any reason whatsoever. You have to find someone else to do that if it needs to be done.
Finally, they really do audit every single access of personal data. I had every reason to believe that if I accessed any data improperly, I would be fired within the week if not the day.
I don’t know how much abuse still exists despite all of the above, but I don’t think this article does a good job of explaining how seriously Facebook takes this.