BEC Corporate Governance review 5

Card Set Information

Author:
Joens1313
ID:
298637
Filename:
BEC Corporate Governance review 5
Updated:
2015-03-17 22:54:10
Tags:
BEC Corporate Governance review
Folders:

Description:
BEC Corporate Governance review 5
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user Joens1313 on FreezingBlue Flashcards. What would you like to do?


  1. What are the five component of the COSO
    Integrated Framework?



    -------------------------

    Risk Assessment

    Information and communication

    Control activities

    Monitoring
    Control environment

    Risk Assessment

    Information and communication

    Control activities

    Monitoring
  2. What are the five component of the COSO
    Integrated Framework?



    Control environment

    ---------------------------

    Information and communication

    Control activities

    Monitoring
    Control environment

    Risk Assessment

    Information and communication

    Control activities

    Monitoring
  3. What are the five component of the COSO
    Integrated Framework?



    Control environment

    Risk Assessment

    ----------------------------------

    Control activities

    Monitoring
    Control environment

    Risk Assessment

    Information and communication

    Control activities

    Monitoring
  4. What are the five component of the COSO
    Integrated Framework?



    Control environment

    Risk Assessment

    Information and communication

    ---------------------------

    Monitoring
    Control environment

    Risk Assessment

    Information and communication

    Control activities

    Monitoring
  5. What are the five component of the COSO
    Integrated Framework?



    Control environment

    Risk Assessment

    Information and communication

    Control activities

    ------------------------------
    Control environment

    Risk Assessment

    Information and communication

    Control activities

    Monitoring
  6. What are the five component of the COSO
    Integrated Framework?

    -------------------------

    ---------------------------

    ----------------------------

    -----------------------------

    ------------------------------
    Control environment

    Risk Assessment

    Information and communication

    Control activities

    Monitoring
  7. In regards to the COSO Integrated Framework,
    What does the Control Environment do?
    • It sets the tone of the organization that
    • influences the control consciousness of its people.  In other words, it establishes the overall attitude, awareness, and actions of the board of directors,, management, and
    • employees concerning the importance and emphasis of internal control.
  8. In regards to the COSO Integrated Framework, What does the a Risk assessment do?
    • Risk assessment is the entity’s identification,
    • analysis, and management of risks relevant to the preparation of financial
    • statements that are presented fairly in conformity with GAAP.
  9. In regards to the COSO Integrated Framework,
    What does information and communication do?
    • This refers to the identification, retention and
    • transfer of information in a timely manner enabling personnel to execute their
    • responsibilities.
  10. In regards to the COSO Integrated Framework,
    What does the control activities do?
    • The policies and procedures established to
    • provide assurance that management decisions are executed

What would you like to do?

Home > Flashcards > Print Preview