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IAS 1 sets out the purpose of financial statements as the provision of useful information on the financial position, financial performance and cash flows of an entity, and categorizes the information provided into assets, liabilities, income and expenses, contributions by and distribution to owners, and cash flows.
Generally Accepted Accounting Principles (GAAP) [a] is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC), [1] and is the default accounting standard used by companies based in the United States.
An exploit is a method or piece of code that takes advantage of vulnerabilities in software, applications, networks, operating systems, or hardware, typically for malicious purposes. The term "exploit" derives from the English verb "to exploit," meaning "to use something to one’s own advantage."
Risk accounting introduces the Risk Unit (RU) to measure non-financial risks, enabling their quantification, aggregation, and reporting. This approach uses three primary metrics: Inherent Risk, which quantifies the pre-mitigation level of non-financial risk in RUs; the Risk Mitigation Index (RMI), assessing the effectiveness of risk mitigation activities on a zero to 100 scale; and Residual ...
Vulnerabilities in the information assets are determined in order to enumerate the threats capable of exploiting the assets. The assessment then considers both the probability and impact of a threat exploiting a vulnerability in an asset, with impact usually measured in terms of cost to the asset's stakeholders. [ 17 ]
FAIR's main document is "An Introduction to Factor Analysis of Information Risk (FAIR)", Risk Management Insight LLC, November 2006; [4] The contents of this white paper and the FAIR framework itself are released under the Creative Commons Attribution-Noncommercial-Share Alike 2.5 license.
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).
The Financial Accounting Standards Advisory Council then voiced its concerns due to the increase of financial reporting guidance from the old U.S. GAAP standards, and the FASB responded by launching a new project to codify the standards. The project was approved in September 2004 by the Trustees of the Financial Accounting Foundation. [2]