In which year was the National Institute of Standards and Technology established?

Prepare for the Information Systems and Controls (ISC) CPA Exam. Study with flashcards and multiple-choice questions, each with hints and explanations. Get ready to excel!

The National Institute of Standards and Technology (NIST) was established in 1901. This organization plays a crucial role in the development of measurements, standards, and technology. Its origins date back more than a century, when it was founded as the National Bureau of Standards, emphasizing the importance of founding reliable frameworks for measurement and technology to support commerce and innovation across various sectors.

Understanding the history of NIST is important because it illustrates the long-standing commitment of the U.S. government to promote technological advancement and ensure quality and reliability in measurements, which is vital for both domestic and international trade. By setting standards that industries can rely on, NIST has become a cornerstone institution for enhancing economic competitiveness and fostering innovation.

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