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The Accounting Department at Example Corp

question 138

Multiple Choice

The Accounting department at Example Corp. has made a decision to hire a third-party firm, AnyCompany, to monitor Example Corp.'s AWS account to help optimize costs. The Security Engineer for Example Corp. has been tasked with providing AnyCompany with access to the required Example Corp. AWS resources. The Engineer has created an IAM role and granted permission to AnyCompany's AWS account to assume this role. When customers contact AnyCompany, they provide their role ARN for validation. The Engineer is concerned that one of AnyCompany's other customers might deduce Example Corp.'s role ARN and potentially compromise the company's account. What steps should the Engineer perform to prevent this outcome?


Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Accruals

Accounting adjustments for revenues that have been earned or expenses that have been incurred but not yet recorded through daily entries.

Deferrals

Expenses or revenues that have been recorded but not yet realized. This can involve money that has been received or paid but not yet earned or incurred.

Adjusting Entries

Documentation in accounting completed at the end of a financial period to rightly assign incomes and expenses to the appropriate time.

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