@nfreeman08 I am with you. Sometimes I just want to shoosh so I don't spread the negativity. I need to find a way to focus on BEC.
Anyone know how to dissect corporate governance and communication in understable little bites. I am struggling. I cant wait to be done with BEC it is a pain I can't get rid of.
I try and create a book of formulas and things I always get wrong. Please feel free to add to the focus points:
COSO 2013 has 3 objectives: Reliable Reporting (RR), Efficiency and Effective (EE) Operations and Compliance with reg and law.
Has 5 Components “CRIME” and in total the 5 components have 17 principles.
Control environment (5 principles)
Risk Assessment (4 principles)
E aka (Control Activities 3 principles)
Info and Comm (3 principles)
Monitoring (2 principles )
Keep in mind the accounting cycle, purchasing cycle and sales cycle from auditing when you look at internal control. Segregation is the “ARC” of good internal control.
Authorization
Recording
C?? I totally forgot what is stands anybody?