The ISO 27000 Series of Standards Are Designed to Address

question 49

Multiple Choice

The ISO 27000 Series of standards are designed to address which of the following?

• A)Corporate governance.
• B)Internal controls.
• C)Information security issues.
• D)IT value.

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Definitions:

External Transactions

Transactions that involve parties outside the organization, impacting the financial position of the business.

Economic Events

Transactions and occurrences that affect the financial position of a business entity.

Basic Accounting Equation

Represents the foundation of double-entry bookkeeping, stating that assets equal liabilities plus equity.

Assets

Resources owned by a business that are expected to provide future economic benefits.