Key Terms

The following acronyms and terms are used in this chapter. For the explanation and definition purpose of this chapter, these acronyms and terms are defined as follows:

Audit

A term that typically accompanies an accounting or auditing firm that conforms to a specific and formal methodology and definition for how an investigation is to be conducted with specific reporting elements and metrics being examined (such as a financial audit according to Public Accounting and Auditing Guidelines and Procedures).

Assessment

An evaluation and/or valuation of IT assets based on predefined measurement or evaluation criteria. This does not typically require an accounting or auditing firm to conduct an assessment such as a risk or vulnerability assessment. ...

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