[jeff]

BEC Resources:

Free BEC Notes & Audio – https://www.another71.com/cpa-exam-study-plan

BEC 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

BEC Score Release: https://www.another71.com/cpa-exam-scores-results-release

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

Everything is heavy and everyone test is different. Stick with after B2 everything is a breeze. If you feel you are struggling move on and come back later. Doesnt help beating yourself up for zero results.

[Anonymous]

Everything is heavy and everyone test is different. Stick with after B2 everything is a breeze. If you feel you are struggling move on and come back later. Doesnt help beating yourself up for zero results.

[Anonymous]

Amazing. I took the BEC exam (first of 4) and didn't finish the curriculum (using Gleim – completed about 75% of material). Passed. After completing the CFA program, this is fun (i.e. easy as can be). Taking Audit in January – looking forward to it.

[Anonymous]

Amazing. I took the BEC exam (first of 4) and didn't finish the curriculum (using Gleim – completed about 75% of material). Passed. After completing the CFA program, this is fun (i.e. easy as can be). Taking Audit in January – looking forward to it.

[TargetCPA]

@ bizval42:

You mentioned about gleim that you are using for your exams. Is there any tips or study plan that you would like to share with us?

BEC exam preparers: question for you all.

The principle that protects corporate directors from personal liability for acts performed in good faith on behalf of the corporation is known as the

A. Full disclosure rule.

B. Business judgment rule.

C. Responsible person doctrine.

D. Clean hands doctrine.

I know, this is simple conceptual question for you all. But I am not that much good in corporate governance. So I would like to see the answers from you all.

[TargetCPA]

@ bizval42:

You mentioned about gleim that you are using for your exams. Is there any tips or study plan that you would like to share with us?

BEC exam preparers: question for you all.

The principle that protects corporate directors from personal liability for acts performed in good faith on behalf of the corporation is known as the

A. Full disclosure rule.

B. Business judgment rule.

C. Responsible person doctrine.

D. Clean hands doctrine.

I know, this is simple conceptual question for you all. But I am not that much good in corporate governance. So I would like to see the answers from you all.

[0506597]

The answer is B.

AUD-PASS
BEC-PASS
FAR-PASS
REG-PASS
I'm done!

Yeager-AUD; Rogers-FAR, BEC, REG; Wiley Test Bank, Ninja Notes, Audio and Flashcards

[0506597]

The answer is B.

AUD-PASS
BEC-PASS
FAR-PASS
REG-PASS
I'm done!

Yeager-AUD; Rogers-FAR, BEC, REG; Wiley Test Bank, Ninja Notes, Audio and Flashcards

[TargetCPA]

@ 0506597: Your answer is correct.

The rule protects an officer or a director from personal liability for honest mistakes of judgment if (s)he (1) acted in good faith; (2) was not motivated by fraud, conflict of interest, or illegality; and (3) was not grossly negligent. To avoid personal liability, directors and officers must (1) make informed decisions (educate themselves about the issues), (2) be free from conflicts of interest, and (3) have a rational basis to support their position.

[TargetCPA]

@ 0506597: Your answer is correct.

The rule protects an officer or a director from personal liability for honest mistakes of judgment if (s)he (1) acted in good faith; (2) was not motivated by fraud, conflict of interest, or illegality; and (3) was not grossly negligent. To avoid personal liability, directors and officers must (1) make informed decisions (educate themselves about the issues), (2) be free from conflicts of interest, and (3) have a rational basis to support their position.

[Anonymous]

B Business Judgement rule if it is determined that the officers of the company acted in good faith when conducting business decisions for the company.

[Anonymous]

B Business Judgement rule if it is determined that the officers of the company acted in good faith when conducting business decisions for the company.

[Anonymous]

@TargetCPA I have decided that I am going old school read and take notes do all mcqs per section. In my study board I've also included that daily I need to go though a section of COSO to thoroughly understand the concept. Yesterday it was objectives and corporate governance. Today I think I will take on monitoring. This is in addition to doing other modules. What I found is that as I progress I would focus more on the accounting sections and forget corp gov rules.

Note I have taken notes for the COSO already I just need to drill down make it part of daily life. Probably COBIT too I need to focus on the concepts because most questions are case study questions to test your understanding of the topic versus straight forward what is in monitoring?

[Anonymous]

@TargetCPA I have decided that I am going old school read and take notes do all mcqs per section. In my study board I've also included that daily I need to go though a section of COSO to thoroughly understand the concept. Yesterday it was objectives and corporate governance. Today I think I will take on monitoring. This is in addition to doing other modules. What I found is that as I progress I would focus more on the accounting sections and forget corp gov rules.

Note I have taken notes for the COSO already I just need to drill down make it part of daily life. Probably COBIT too I need to focus on the concepts because most questions are case study questions to test your understanding of the topic versus straight forward what is in monitoring?

[TargetCPA]

@ Eliabraham I am also taking notes for Corp Governance. But struggling to remember the whole process.

Monitoring is:

1. Assess the quality of internal control performance.

2. Internal controls are monitored by performing ongoing activities.

3. For monitoring purpose, those individuals aka evaluators.

4. Evaluators are both competent and objective.

5. Monitoring may be considered as the following sequence of activities are:

Control baseline – Understanding of the current system's design & operation

Change identification – identifies & addresses the changes needed in the system of i/c.

Change management – evaluating the changes & establishing new baseline

Change revalidation/ update – periodically update the proper operation of the system.

[Author]

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