EBK USING MIS
EBK USING MIS
10th Edition
ISBN: 9780134658919
Author: KROENKE
Publisher: YUZU
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Chapter 6, Problem 6.19CS6

Explanation of Solution

FinQloud system:

FinQloud is established as a cloud storage system, developed to meet the terms and regulations of the SEC’s rulings.

  • When data is stored in FinQloud system, then FinQloud process the data by which it cannot be altered or encrypted again. Because data is indexed in Simple Storage Service (S3) devices.
  • Hence the data can be read only by an authorized user.

The SEC rules and its 2003 interpretation:

The Securities and Exchange Commission (SEC) had taken the rule to enable a storage mechanism which includes software’s that prevent data from alterations...

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