Chapter 7, Problem 1TY

To determine

Identify the correct option for the given statement.

Answer to Problem 1TY

Option b

Explanation of Solution

Accounting Information System: AIS collects, records, stores and processes accounting and other data to produce information for decision makers. AIS can be a paper-and-pencil manual system, a complex system using the latest in IT, or something in between. It includes people, procedure and instructions, data, software, information technology infrastructure and internal controls and security measures.

Security policy is a comprehensive plan that helps an enterprise to protect themselves from internal and external threats. This is policy is framed based upon the assessment of risk that are faced by an organization due to change in technology, economic and market conditions. Some of the issues that must be taken into consideration that time of framing the policy are given below:

• Assess internal and external threats.
• Implement security policy throughout organization.
• Determine if current level of protection of assets is adequate.
• Manage/review policies to consider any new threats to organization and
• Perform risk assessment.

Option a: As per the above explanation, option a is incorrect.

Option b: As per the above explanation, option b is correct.

Option c: As per the above explanation, option c is incorrect.

Option d: As per the above explanation, option d is incorrect.