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What Is the Standard That Specifies the Format of Data

question 148

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What is the standard that specifies the format of data as well as the rules to be followed during transmission?

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Definitions:

Cash Payments

Monetary transactions made by an entity to settle obligations or purchase goods and services.

Separate Recordkeeping

The practice of maintaining distinct and independent records for different parts of an organization's operations or financial activities.

Adequate Records

Maintaining sufficiently detailed financial records that reflect the company's transactions and financial condition.

Technological Controls

Systems and procedures implemented to monitor, manage, and secure an organization's technology infrastructure and data.

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