A Disadvantage of a Provider Hosted Approach Through the Cloud

question 33

True/False

A disadvantage of a provider hosted approach through the cloud is that the company's proprietary financial data resides outside of the company's walls.

---

Definitions:

Financial Accounting Standards Board

An autonomous body tasked with creating and enhancing financial accounting and reporting norms in the United States.

Securities and Exchange Commission

A US government agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the nation's stock and options exchanges.

CMA

Certified Management Accountant, a professional certification for accounting and financial professionals in business.

CISA

Certified Information Systems Auditor, a designation awarded to IT auditors who pass an exam and meet specific work experience requirements.