Answer: Contingency planning
Explanation: Contingency planning could be described as alternative arrangement or plan which is devised or put in place to take care or handle the outcome of a future event. Contingency plan is usually different from the actual plan or strategy devised to tackle or mange a situation or condition,rather, the Contingency plan is devised to handle the possible failure of the actual plan or handle one of different possible outcome of a future event, placing greater value or energy on the worst possible outcome.
In management, Contingency planning involves deliberation on the important environmental factors and identify range of possible responses to the most likely high impact options or scenario placing greater emphasis on the worst case.
The framework could be used by management in its internal control assessment under requirements of SOX is the COSO internal framework.
The COSO Framework is a device used to establish internal controls to be included into business processes. collectively, these controls provide reasonable warranty that the organization is operating ethically, transparently and according with mounted enterprise requirements.The overarching purpose of a COSO Framework is to enhance and enhance organizational performance and oversight, as well as decreasing the quantity of the hazard of fraud.
The 5 components of COSO: C.R.I.M.E. The five components of COSO – control environment, risk evaluation, records and conversation, monitoring sports, and existing control activities – are often referred to through the acronym C.R.I.M.E.
An internal manipulate framework is a structured manual that organizes and categorizes expected controls or manipulate topics. some businesses layout control frameworks for popular functions just like the COSO internal manipulate framework, whilst others are extra specific consisting of the COBIT IT control framework.
Learn more about COSO framework here:-
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<span>In 1815 at the close of the French Revolutionary and Napoleonic Wars the statesmen representing the great powers, in their efforts to restore stable governance to Europe after twenty-six years of turmoil, came to accept (under the persuasion of Talleyrand - the Foreign Minister of the recently restored French monarchy) that "legitimate sovereigns" should be restored, where possible, to their thrones. </span>
Answer:
<h3>National Institute of Standards and Technology (NIST).</h3>
Explanation:
The Federal Information Security Management Act (FISMA) is a policy that provides guidelines to secure and protect government information, functions and assets from illegal and unauthorized parties.
The National Institute of Standards and Technology (NIST) was created under the provisions of the FISMA. It is a framework of shared sets of security standards. It includes five important functions: Identify
, Protect, Detect
, Respond and Recover.
These functions help organizations in reducing and managing the risk of cybersecurity and management.
