write short note on criteria recognition
Answers
Answer:
Asset recognition criteria are needed to determine which assets will be included in the balance sheet. When an expenditure is made, it can either be recognized as an expense or an asset, with recognition as an expense being the default presumption.
Answer:
The purpose of this Arrangement is to advance those objectives by bringing about a situation in which IT products and protection profiles which earn a Common Criteria certificate can be procured or used without the need for further evaluation. It seeks to provide grounds for confidence in the reliability of the judgements on which the original certificate was based by requiring that a Certification/Validation Body (CB) issuing Common Criteria certificates should meet high and consistent standards.