FITSAF Stands for Federal Information Technology Security Assessment Framework

question 149

Multiple Choice

FITSAF stands for Federal Information Technology Security Assessment Framework. It is a methodology for assessing the security of information systems. Which of the following FITSAF levels shows that the procedures and controls have been implemented?

• A) Level 4
• B) Level 1
• C) Level 3
• D) Level 5
• E) Level 2

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Definitions:

Outstanding Checks

Checks that have been issued and recorded by an entity but have not yet been cashed or cleared by the bank.

Petty Cash Fund

A small amount of cash kept on hand for minor or incidental expenses.

Journal Entries

The basic method of recording financial transactions in accounting, which involves making entries to accounts in a double-entry bookkeeping system.

Cash Short And Over

An accounting term referring to a discrepancy between the amounts of cash available at the end of a period and the expected amount, which could be more (over) or less (short).