What are the five Trust Services Principles? Provide a brief description of each Principle.
To become more familiar with these assurance services opportunities, conduct an Internet search to locate information about Trust Services Principles and Criteria and use that information to answer the following
questions:
The Trust Services framework consists of these five principles:
? Availability: Determines whether the system is available for operation and use as committed or
agreed.
? Security: Determines whether the system is protected against unauthorized access (physical and
logical).
? Processing Integrity: Determines whether the system processing is complete, accurate, timely, and
authorized.
? Privacy: Personal information that is obtained is collected, used, disclosed, retained, and destroyed
in conformity with commitments stated in the entity's privacy policy and in accordance with
criteria set forth in the Generally Accepted Privacy Practices established by the AICPA and Canadian
Institute of Chartered Accountants.
? Confidentiality: Determines whether information designated as confidential is protected as
committed or agreed.
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When is a categorical exclusion for an action available under the NEPA?
A. When the environmental impact is small. B. Never; NEPA procedures are required in all instances. C. When the environmental impact is unknown. D. When the environmental impact is significant.
Carrying value is
a. the same as book value. b. the unexpired part of an asset's cost. c. computed as cost minus accumulated depreciation. d. all of these.
Under the CISG, advertisements:
a. take the place of negotiations b. are offers that can be accepted to form a contract c. are illegal d. are binding e. are offers to enter into negotiations
Explain the primary differences between the primary market and the secondary market. Is an IPO most related to the primary market or the secondary market? Explain.
What will be an ideal response?