Video: Introduction to Availability

In this lesson, Nick Palazzolo, CPA, dives into the essential concept of availability, focusing on the pivotal roles of business resiliency, disaster recovery, and business continuity in maintaining uninterrupted operations. Nick outlines the objectives and importance of mirroring and replication for preserving data integrity and ensuring the continuous operation of IT services. He provides a detailed discussion on the significance of business impact analysis and the necessary steps to evaluate and mitigate potential disruptions. Nick also explains the various measures of system availability and the critical factors in choosing the appropriate data backup types, ensuring a robust understanding of the operational imperatives in today's digital environment. Finally, this lesson explores how SOC 2 trust services criteria intertwine with system and data availability, emphasizing the need for a comprehensive grasp of these concepts to ensure operational resilience and long-term success.

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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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And diving into our learning objectives for availability, I mean, another name you could easily call this lesson, data availability. It's the availability of data, availability of your systems. First, we want to recall the scope, purpose, and key considerations for business resiliency, disaster recovery, and business continuity plans. Availability of the data, availability of your entity, your enterprise, your company, to just be available for business. Explain the objectives of mirroring and replication. We'll talk about those. Within everything in this exam, IT specific, there are just so many terms that you're going to need to be familiar with, memorize, and just, like I kind of beat to death, know real world examples of, right? When you see a term, you should be able to kind of visualize something in your mind that is from the real world. It kind of helps to remember it. Summarize steps in a business impact analysis. Let's get familiar with that. Not that there's a formal process. For example, let's say the indirect method of cash flows. You know, there's a formal process for that, right? That you would see a SIM on FAR, where you have to know starting with net income and then, you know, accounting for all of the other items you see. A business impact analysis. Yes, you want to be generally familiar with how this works and with a lot in this exam. You want to be generally familiar with how this works, but a core integral understanding of everything from just the IT infrastructure, how things should work is going to be most important. So a SIM could have a business impact analysis where you have to go through and understand, you know, where are the faults here? What could we do differently? Is there anything missing

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