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A growing number of organizations are using cloud computing as a viable alternative for their IT resource needs. Cloud computing allows organizations to increase their ability to meet computing resource demands while avoiding significant investments in IT infrastructure, personnel, and software. While forecasts are for continued increases in demand for cloud computing, the benefits also bring a host of new risk considerations. The Committee of Sponsoring Organizations of the Tread way Commission (COSO) issued a thought paper, Enterprise Risk Management for Cloud Computing, to help organizations assess and mitigate risks arising from cloud computing. Visit the COSO Web site Read the thought paper to answer the following questions:
A:) What is cloud computing?
B:) What are private clouds, community clouds, public clouds, and hybrid clouds?
C:) The paper identifies examples of risks associated with cloud computing. Describe each of the following risks:
1. Disruptive force
2. Lack of transparency
3. Vendor lock-in and lack of application portability
4. High-value cyber attack targets
For requirement 1.b., journalize the declaration of the 2012 dividends on December 22, 2012, and payment on January 14, 2013. Use separate Dividends payable accounts for preferred and common.
Dement Publishing Division and Revenue to be recognized
Jane, Castle, and Sean are dissolving their partnership. Their partnership agreement allocates each partner an equal share of all income and losses. The current period's ending capital account balances are Jane, $114,000; Castle, $102,000; and Sean, ..
Determine your company performance in relation to GRI standards and comment on Stigler's theory.
descriptive questions - discount on bills payable.1. if an organization purchases 700 of supplies on account with terms
Which method, as presented in your text, should be used in this instance and why? Does it make a difference if the South Carolina plant has no idle capacity?
On January 4, 2011, Bailey Corp. purchased 40% of the voting common stock of Emery Co. Illustrate what is the amount of the excess of purchase price over book value?
Record the necessary entries in the Journal Entry Worksheet below. Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2015, and employees are paid $5,600. Record the ..
How should the $10,000,000 of commercial paper be classified on the December 31, 2010, January 31, 2011, and February 28, 2011, balance sheets and What would your answer be if, instead of a refinancing at the date of issuance of the financial stat..
Pumpkin Mfg., Inc., is currently operating at only 92 percent of fixed asset capacity. Current sales are $780,000. Fixed assets are $470,000 and sales are projected to grow to $880,000. How much in new fixed assets is required to support this growth ..
Katrina owns 100% of Money Corporation's stock. Katrina's basis in the stock is $8,000. Money Corporation has E&P of $40,000. If Money Corporation redeems 60% of Katrina's stock for $50,000, Katrina must report dividend income of. Dodge Inc., has ..
calculation of overheads for the month.the following are the account balances for the dilone company for the month of
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