Technical Safeguards Include Data Corroboration, Authentication, and Data Security Measures

question 88

True/False

Technical safeguards include data corroboration, authentication, and data security measures.

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Definitions:

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and profit.

Ledger

A book or collection of accounts in which transactions are recorded, categorized, and summarized.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership value in the company.

Owner's Drawings

The amount of money taken out of a business by its owner for personal use.