BUNDLE - BEC CPA EXAM

CPA Exam BEC Questions & Answers 2023/2024 The fraud triangle includes each of the following, EXCEPT: A) Incentive. B) Collusion. C) Opportunity. D) Rationalization. - ANSWER-B) Collusion. According to COSO, which of the following issues should lead to the greatest concern regarding the ...

BEC – CPA Exam Questions & Answers 2023/2024 COSO - ANSWER-committee of sponsoring organizations (COSO) - an independent private sector initiative, established in mid-1980s to study the factors that lead to fraudulent financial reporting includes: - American Accounting Association (AAA) - ...

BEC CPA EXAM Acronyms Questions & Answers 2023/2024 Internal Control Components - ANSWER-CRIME 1. Control environment 2. Risk assessment 3. Information and communication 4. Monitoring 5. Existing control activities Categories of Objectives - ANSWER-ORC 1. Operations 2. Reporting 3....

BEC CPA IT Exam Questions & Answers 2023/2024 Reasonableness Check - ANSWER-look at the values in 2 related fields to ensure that they are make sense as a unit A validity Check - ANSWER-compares the value entered in the field to a list of valid data COBIT - ANSWER-Control Objectives for Inf...

BEC CPA Exam Notes Questions & Answers 2023/2024 SU 1 (18% of test) - ANSWER-Corporate Governance Basic Corporate Documents - ANSWER-Articles of Incorporation: Corp's name, # Share authorized, Address of Registered Office, Name of Registered Agent, Name and Address of each incorporator Filed...

BEC CPA Exam Questions & Answers 2023/2024 COSO Framework assists Management and the Board of Directors by: - ANSWER-Effectively applying Internal Control Determining the requirements of an effective system Allow judgement and flexibility in the design of I/C Identify and analyze risks, and de...

BEC CPA Exam Review Questions & Answers 2023/2024 Demand Curve Shift Upward (direct relationship-positive shift) - ANSWER-The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) - A...