Accountants Need to Exercise Professional Judgment

question 30

True/False

Accountants need to exercise professional judgment.

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Definitions:

Availability

The degree to which a system, service, or resource is accessible and usable upon demand.

SaaS

Short for Software as a Service, a cloud computing model wherein software applications are hosted by a service provider and made available to customers over the internet.

ASP

Application Service Provider, a business providing computer-based services to customers over a network such as access to a particular software application using a standard protocol like HTTP.

Vendor Hosts

Companies or individuals that provide services or technology platforms for other businesses or consumers.