COSO Identifies Two Broad Groupings of Information System Controls

question 80

Short Answer

COSO identifies two broad groupings of information system controls. What are they?

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Definitions:

Demographic Data

Statistical data relating to the population and the particular groups within it, such as age, gender, income level, etc.

Inexpensive Option

A cost-effective or budget-friendly choice available to consumers or businesses within a particular market or category.

Minnesota

A state in the Upper Midwest and northern regions of the United States, known for its lakes and forested areas.

Scanner Data

Information collected at the point of sale through barcodes or RFID tags, used for inventory management and consumer behavior analysis.