What Are the Three Tenets of the CIA Triad,and How

question 36

Essay

What are the three tenets of the CIA triad,and how do they provide assurances that data will be protected?

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Definitions:

Estimated Bad Debts

An account on the financial statements estimating the amount of receivables that a company does not expect to collect.

Percentage of Sales Method

An accounting technique used to estimate bad debts or the allowance for doubtful accounts based on a predetermined percentage of sales.

Current Revenues

Income generated from the normal business operations within the current accounting period.

Anticipated Current Expenses

Projected expenses that a company expects to incur within the current accounting period.