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Due to Compliance Regulations, Management Has Asked You to Provide

question 268

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Due to compliance regulations, management has asked you to provide a system that allows for cost-effective long-term storage of your application logs and provides a way for support staff to view the logs more quickly. Currently your log system archives logs automatically to Amazon S3 every hour, and support staff must wait for these logs to appear in Amazon S3, because they do not currently have access to the systems to view live logs. What method should you use to become compliant while also providing a faster way for support staff to have access to logs?


Definitions:

Recognise

The accounting process of officially recording an item or transaction in the financial statements.

Monthly Payment

The amount of money that is paid on a monthly basis for the use of a service or repayment of a loan.

IFRS Advisory Council

A group that provides the International Accounting Standards Board (IASB) with strategic advice on the setting and implementation of international financial reporting standards.

IFRS Foundation Trustees

The oversight body responsible for governance and oversight of the International Financial Reporting Standards Foundation.

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