Video: Availability - Summary

In this lesson, Nick Palazzolo, CPA, breaks down various components critical to ensuring business resiliency, focusing on the essentials of disaster recovery and business continuity planning. He explores the importance of system availability and readiness, outlining practical measures to calculate and maintain system uptime. Nick also delves into the intricacies of business impact analysis, a recurrent topic given its significance in planning for unforeseen disruptions. Additionally, he discusses testing procedures and the relevance of SOC 2 trust services criteria, emphasizing the need for meticulous communication regarding system downtimes to avoid operational hitches. This comprehensive overview provides a firm foothold into managing and safeguarding operational continuity across business environments.

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Video Transcript

Instructor: Nick Palazzolo

Nick Palazzolo is head instructor of ExamPrep.ai CPA Review. Nick's teaching style is engaging & upbeat, combining practical Big 4 tax & assurance expertise with years of 1-on-1 coaching. His lessons are concise and emphasize what you need to know to pass. Whether you're a recent grad or working full-time, we’re confident you can conquer your CPA exams with Nick’s review.

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Not too bad of a lesson if I do say so myself. Here, we were dealing with all the considerations, a lot of terminology as well, a lot of definitions for sure, this exam is chock full of them, mirroring replication. We were dealing with business resiliency, disaster recovery, which we do see in a few different lessons, just from different perspectives as well, making sure that we have proper business continuity plans. We also wanted to understand the business impact analysis, which we will see again as well. We deal with testing and a lot of other concepts as well. System availability, making sure again that our systems are available, what's our readiness, what is the calculation for your system availability. If you're not properly communicating when the systems are gonna be offline, that's a problem. We were also dealing with SOC 2, SOC 2 trust services criteria, gotta love it, you'll see that throughout the exam, throughout our lessons, the AICPA loves to test on it. So anytime you see it, make sure you're paying close attention. All right, another one down. Stay strong, do your stretches, go for a walk, do what you gotta do, take care of yourself, drink some water. I'll see you in the next one.

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