What is data stewardship and how does the RACI model define data roles? This CPA Exam BAR lecture explains data governance, the roles of data owner, steward, and custodian, and how a RACI matrix clarifies responsibility and accountability — built for accounting students and CPA, CMA, and EA candidates studying data governance and information systems.

Professor Farhat distinguishes data governance from data stewardship, defines each key role, and applies a RACI matrix to a data security example.

Try it free at farhatlectures.com — interactive exercises, lectures, simulations, cases, multiple choice, and AI tools for CPA, CMA, EA and students.

Video Timeline & Key Concepts:
0:00 — Core concepts of data stewardship within data governance
1:42 — Data Owner: strategic responsibility for value, risk, and quality
2:09 — Data Steward: tactical role ensuring compliance and data quality standards
3:28 — Data Custodian: operational IT role for security, storage, and architecture
4:13 — The RACI Model: Responsible, Accountable, Consulted, and Informed
7:07 — Applying a RACI matrix to data security implementation
8:41 — Key takeaway: stewardship operates under the data governance framework

Frequently Asked Questions:

What is data stewardship?

Data stewardship is the responsible management of data assets to ensure availability, integrity, security, and regulatory compliance, operating within the broader data governance framework.

What does RACI stand for?

RACI stands for Responsible, Accountable, Consulted, and Informed — a matrix that clarifies who does the work, who is the final decision-maker, who is consulted, and who is kept informed.

What is the difference between a data owner, steward, and custodian?

The data owner holds strategic responsibility for the data's value and quality, the data steward is a tactical role ensuring compliance and quality standards, and the data custodian handles the technical storage and security.

What is the difference between data governance and data stewardship?

Data governance is the overarching framework for managing an organization's data, while data stewardship handles the day-to-day management of data assets under that framework.

Why use a RACI matrix for data tasks?

A RACI matrix removes ambiguity by clearly assigning each role in a data task, which prevents gaps or overlaps in responsibility and accountability.

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