ISDS 351 Exam 2 Questions with 100% Correct Answers Latest
Graded A+
What is IT Governance? - ✔✔A framework that ensures that information
technology decisions are made while taking into account a business' goals and
objectives.
Why is corporate governance important today - ✔✔Corporate governance is
intended to increase the accountability of your company and to avoid massive
disasters before they occur
Who are responsible for governance - ✔✔such as the board of directors, managers,
shareholders, creditors, auditors, regulators, and other stakeholders
What are the goals of IT governance - ✔✔(1)ensuring that an organization
achieves good value from its investments in IT and
(2)mitigating IT-related risks
Regulations for Compliance - ✔✔1. bank secrecy act
2. basel II accord
3. california senate bill 1386
4. european union data protection directive
5. federal information security management act
6. foreign account tax compliance act
7. foreign corrupt practices act
8. gramm-leach-bliley act
9. health insurance portability and accountability act (HIPAA)
10. Payment card industry data security standard
11. personal information protection and electronic documents act (Canada)
12. sarbanes-Oxley act
, 13. USA PATRIOT act
Bank Secrecy Act - ✔✔Detect and prevent money laundering by requiring
financial institutions to report certain transactions to government agencies and to
withhold from clients that such reports were filed about them
Basel II Accord - ✔✔Create international standards that strengthen global capital
and liquidity rules with the goal of promoting a more resilient banking sector
California Senate Bill 1386 - ✔✔Protect against identity theft by imposing
disclosure requirements for businesses and government agencies that experience
security breaches that might put the personal information of California residents at
risk; the first of many state laws aimed at protecting consumers from identity theft
European Union Data Protection Directive - ✔✔Protect the privacy of European
Union citizens' personal information by placing limitations on sending such data
outside of the European Union to areas that are deemed to have less than adequate
standards for data security
Federal Information Security Management Act - ✔✔Strengthen computer and
network security within the U.S. federal government and affiliated parties (such as
government contractors) by mandating yearly audits
Foreign Account Tax Compliance Act - ✔✔Identify U.S. taxpayers who hold
financial assets in non-U.S. financial institutions and offshore accounts, so that
they cannot avoid their U.S. tax obligations
Foreign Corrupt Practices Act - ✔✔Prevent certain classes of persons and entities
from making payments to foreign government officials in an attempt to obtain or
retain business
Graded A+
What is IT Governance? - ✔✔A framework that ensures that information
technology decisions are made while taking into account a business' goals and
objectives.
Why is corporate governance important today - ✔✔Corporate governance is
intended to increase the accountability of your company and to avoid massive
disasters before they occur
Who are responsible for governance - ✔✔such as the board of directors, managers,
shareholders, creditors, auditors, regulators, and other stakeholders
What are the goals of IT governance - ✔✔(1)ensuring that an organization
achieves good value from its investments in IT and
(2)mitigating IT-related risks
Regulations for Compliance - ✔✔1. bank secrecy act
2. basel II accord
3. california senate bill 1386
4. european union data protection directive
5. federal information security management act
6. foreign account tax compliance act
7. foreign corrupt practices act
8. gramm-leach-bliley act
9. health insurance portability and accountability act (HIPAA)
10. Payment card industry data security standard
11. personal information protection and electronic documents act (Canada)
12. sarbanes-Oxley act
, 13. USA PATRIOT act
Bank Secrecy Act - ✔✔Detect and prevent money laundering by requiring
financial institutions to report certain transactions to government agencies and to
withhold from clients that such reports were filed about them
Basel II Accord - ✔✔Create international standards that strengthen global capital
and liquidity rules with the goal of promoting a more resilient banking sector
California Senate Bill 1386 - ✔✔Protect against identity theft by imposing
disclosure requirements for businesses and government agencies that experience
security breaches that might put the personal information of California residents at
risk; the first of many state laws aimed at protecting consumers from identity theft
European Union Data Protection Directive - ✔✔Protect the privacy of European
Union citizens' personal information by placing limitations on sending such data
outside of the European Union to areas that are deemed to have less than adequate
standards for data security
Federal Information Security Management Act - ✔✔Strengthen computer and
network security within the U.S. federal government and affiliated parties (such as
government contractors) by mandating yearly audits
Foreign Account Tax Compliance Act - ✔✔Identify U.S. taxpayers who hold
financial assets in non-U.S. financial institutions and offshore accounts, so that
they cannot avoid their U.S. tax obligations
Foreign Corrupt Practices Act - ✔✔Prevent certain classes of persons and entities
from making payments to foreign government officials in an attempt to obtain or
retain business
