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BEC CPA EXAM Acronyms Questions & Answers 2023/2024 £6.94   Add to cart

Exam (elaborations)

BEC CPA EXAM Acronyms Questions & Answers 2023/2024

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  • BEC CPA

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...

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  • June 28, 2023
  • 7
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
  • BEC CPA
  • BEC CPA
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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. Compliance



Principles of Control Environment - ANSWER-EBOCA



1. Ethics and Integrity

2. Board Independence and Oversight

3. Organizational Structure

4. Commitment to competence

5. Accountability



Principles of Risk Assessment - ANSWER-SAFR



1. Specify objectives

, 2. Identify and Assess Changes

3. Consider potential for Fraud

4. Identify and Analyze Risks



Principles of Information and Communication - ANSWER-OIE



1. Obtain and use information

2. Internally communicate information

3. Communicate with external parties



Principles of Monitoring - ANSWER-SOD



1. Separate and/or ongoing evaluations

2. Communication of deficiencies



Principles of Existing Control Activities - ANSWER-CAT P



1. Select and develop control activities

2. Select and develop technology controls

3. Development of policies and procedures



Categories of Enterprise Risk Management Objectives - ANSWER-SORC



1. Strategic objectives

2. Operations

3. Reporting

4. Compliance



Components of ERM - ANSWER-IS EAR AIM

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