Question

Internal Controls System Availability Terms a. Activities required to keep a firm running during a period of displacement or interruption of normal operations b. A process that identifies significant events that may threaten a firm’s operations and outlines the procedures to ensure that the firm will resume operations if such events occur c. A service model in which a third-party service provider offers computing resources, including hardware and software applications, to cloud users over the Internet, and the service provider charges on a per-user basis d. A clearly defined and documented plan that covers key personnel, resources including IT infrastructure and applications, and actions required to be carried out in order to continue or resume the systems for critical business functions e. Using redundant units to provide a system with the ability to continue functioning when part of the system fails f. A device using battery power to enable a system to operate long enough to back up critical data and shut down properly during the loss of power

Answer 1

A. Business Continuity Management (BCM): the activities required to keep a firm running during a period of displacement or interruption of normal operations.

B. Disaster Recovery Planning(DRP): a process that identifies significant events that may threaten a firm’s operations and outlines the procedures to ensure that the firm will resume operations if such events occur.

C. Cloud computing: a service model in which a third-party service provider offers computing resources, including hardware and software applications, to cloud users over the Internet, and the service provider charges on a per-user basis.

D. Disaster Recovery Planning (DRP): a clearly defined and documented plan that covers key personnel, resources including IT infrastructure and applications, and actions required to be carried out in order to continue or resume the systems for critical business functions.

E. Fault tolerance: using redundant units to provide a system with the ability to continue functioning when part of the system fails.

F. Uninterruptible power supply: a device using battery power to enable a system to operate long enough to back up critical data and shut down properly during the loss of power.