What is confidentiality? Give an example showing a violation of confidentiality.

Q: what is an available-for-sale security?

A: Securities are financial instruments that can be traded easily. The entities use these securities to…

Q: What is the purpose of the confidentiality rules in ACIPA code? Describe the specific provisions and…

A: Ethical behavior refers to actions that are consistent with moral principles and standards of…

Q: What does the disclosure principle require?

A:

Q: What are disadvantages of external private audit?

A: External Audit refers to independent examination of financial statements of the organisations. These…

Q: What is assurance and non assurance services?

A: Assurance services are less formal than attestation services for financial statements.  Accounting…

Q: What standards govern SSARS engagements?

A: American Institute of Certified Public Accountants (AICPA):   It is an association of certified…

Q: What is Materiality?

A: Audit is the examination conducted by the professional (auditor) on the financial statements and…

Q: When is independence impaired under PCAOB standards?

A: Independence would be considered to be impaired if a covered member accepts more than a token gift…

Q: In your own words, explain the meaning of authentication and authorization. Be sure to distinguish…

A: The terms authentication and authorization are used in conjunction with each other in terms of…

Q: Can you tell me the difference between confidentiality and privacy? Explain

A: This question tells about the difference between confidentiality and privacy:

Q: What is privacy in the context of information security? Is perception of privacy the same for all…

A: In the context of information security, what exactly is privacy? Is there a difference in the sense…

Q: What is the link between the internal control environment and accountability?

A:

Q: What are the key control objectives required for a well-designed general ledger and reporting…

A: A well-designed general ledger and reporting information system should have several key control…

Q: Which of the following is not a principle of trust services?a. Security.b. Authentication.c.…

A: Trust Services:   Trust services are assurance services that report over reliability of the…

Q: Distinguish between the different types of security orders and explain how a confirmation statement…

A: A confirmation statement refers to a document that consists of general information related to…

Q: What is an Anti-dilutive Security

A: Anti-dilutive securities are those securities that a company has issued and which can get converted…

Q: what is the advantages and disadvantage of disclosure? and why is disclosure important?

A: The full disclosure means that company's financial statements should tell about all the important…

Q: Question: Briefly discuss what is internal control is all about using the definition?

A: Every company requires internal controls. Internal controls are quite important for an organization…

Q: Explain discretionary access privileges.

A: In discretionary access privilege, the proprietor of the item indicates which subjects can get to…

Q: hat are the Sarbanes-Oxley Act and GAAP?

A: In order to reduce the fraud in corporations while recording financial transitions or preparing…

Q: What type of internal control is establishing a code of ethics?

A: A code of ethics contains the principles and procedures guiding people to act in desired manner…

Q: How is the term "confidentiality" different from "privacy"? Explain.

A: Answer: The terms Confidentiality and Privacy are different terms. Privacy is all about person and…

Q: What are the limitations on Control Activities?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What type of internal control is matching supporting documents before paying an invoice?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Briefly describe the NBBO and the order protection rule. Whatregulation implemented them?

A: NBBO is a securities exchange commission regulation that requires brokers to trade at the best…

Q: Describe the term certificate of compliance?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…