Which of the Following Best Describes the Core Principal of Accountability

question 12

Short Answer

Which of the following best describes the core principal of accountability in the SDLC?
A. Ensuring the presence of a verifiable audit trail in the new system.
B. Ensuring that identification of the people responsible for implementing the IT plan is explicitly clear.
C. Ensuring that account balances faithfully represent the underlying transactions in the new system.
D. Ensuring that the chart of accounts in the new system conforms to GAAP.

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Definitions:

Bond Portfolio

A collection of bonds held by an individual or institution as an investment strategy to diversify risk and generate income.

Maturity

The final payment date of a loan or financial instrument, at which point the principal (and all remaining interest) is due to be paid.

Interest Rate Risk

The risk that changes in interest rates will adversely affect the value of an investment, particularly relevant for fixed-income securities.

Variable-Rate Assets

Assets that earn interest at rates which adjust over time based on prevailing market conditions.