What Is the Purpose of Security and Controls Over Information

question 37

Multiple Choice

What is the purpose of security and controls over information assets?

• A)Security and controls are to prevent fraud, unauthorized access, modification, destruction, or disclosure of information assets.
• B)Security and controls are to prevent data analysis.
• C)Security and controls are to frustrate employees with legitimate need to access information assets.
• D)Security and controls are to ensure all the information assets are available to all employees.

---

Definitions:

Investment In Current Assets

Funds used to acquire assets that are expected to be converted into cash, sold, or consumed within a year.

Long-term Unsecured Credit

A type of loan given based on the borrower's creditworthiness without the need for collateral, typically with a repayment period beyond one year.

Commercial Paper

A short-term, unsecured debt instrument issued by companies to finance their immediate operational needs.

Short-term Borrowing

Loans or debt obligations that are expected to be paid back within a short period, typically less than one year, often used for operational expenses.