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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
start that business, what amount of gain each person is required to identify under business if formed as C, S , and LLC corporation?
you are the newly hired accountant for the gift shop. the owner has just received the december 31 2008 bank statement
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Traditional project evaluation/capital budgeting analysis consider a firm's only choice is accept or reject a program.
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Should a gain or loss on restructuring of debt be recognized? Should a gain or loss on the disposition of assets be recognized?
Kelley and Wright, Attorneys, have the following budgeted items for the month of May: Fringe benefits $9,200 Depreciation—equipment 5,000 Utilities 2,000 Professional salaries (from budget) 20,000 Travel 2,400 Revenues (from budget) 68,000 Lease expe..
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