IT Governance Has the Objective of Enhancing and Ensuring the Efficient

question 52

True/False

IT governance has the objective of enhancing and ensuring the efficient application of IT resources as a critical success factor.

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Definitions:

FASB

The Financial Accounting Standards Board, responsible for establishing and improving financial accounting and reporting standards for the public interest.

Financial Statements

Papers that offer a summary of a corporation's fiscal health, comprising the balance sheet, income statement, and cash flow statement.

SEC

The U.S. Securities and Exchange Commission, a regulatory body tasked with protecting investors, maintaining fair and orderly functioning of securities markets, and facilitating capital formation.

10-K Report

An annual report filed by publicly traded companies in the U.S., detailing comprehensive summaries of financial performance mandated by the SEC.