Treadway commission Study guides, Class notes & Summaries

FEDVTE CISSP: ISSMP PREP 2024/25. EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/ VERIFIED. Which security framework is developed around a set of best practices for IT core operational processes including capacity and availability management and IT financial management? - -ITIL The first step in the ITIL incident management process is: - -Incident detection and recording Which of the following is NOT one of the goals of effective IS Governance? - -Not A. Regarding the Committee of Sponsorin...

CFE - Fraud Risk Assessment Section Questions and Answers 100% Correct Under the ACFE Code of Professional Ethics, fraud examiners are strictly prohibited from accepting assignments to uncover fraud in a company in which they have a major interest. A. True B. False B (Article II of the ACFE Code of Professional Ethics states: "An ACFE Member shall not engage in any illegal or unethical conduct, or any activity which would constitute a conflict of interest that has not been properly disc...

ARM 400,Risk in an Evolving World Exam | Practice Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: The Committee of Sponsoring Organizations of the Treadway Commission (COSO) describes internal control as consisting of five essential components, one of which is risk assessment. This component Select one: A. Verifies adherence to control results and assists in identifying other procedures that the entity may wish to adopt. B. Should be included in the audi...

Risk acceptance - correct answer -The informed decision to except or take a particular risk. Acceptance can occur with or without treatment of risk. COSO - correct answer -Committee of Sponsoring Organizations of the Treadway Commission COSO (Committee of Sponsoring Organizations) - correct answer -Is A joint initiative of five private sector organizations and is dedicated to providing thought leadership through the development of frameworks in guidance on enterprise risk management, inter...

Most economists agree that __________ and _________ were the root causes of the economic downturn. - - sub-prime mortgages - other risky financial instruments Financial statements prepared by organizations play an important role in keeping America's markets efficient, what do financial statements provide? - - meaningful disclosures of: ---where a company has been ---where it is currently ---where it is going Financial statement fraud is also referred to as ______________. - - management...

Treadway Commission - Answer- Formed in 1985 with the purpose of defining the responsibility of the auditor in preventing and detecting fraud The OECD Principles of Corporate Governance are required to be implemented by all corporations in the jurisdictions that have officially adopted them. T/F? - Answer- False The _______________ provide(s) guidance for policy makers in evaluating and improving the legal, regulatory, and institutional framework for corporate governance. - Answer- OECD Pr...

(Economic downturn 2008 to 2013) Most economists agree that __________ and _________ were the root causes of the economic downturn. - - sub-prime mortgages - other risky financial instruments Financial statements prepared by organizations play an important role in keeping America's markets efficient, what do financial statements provide? - - meaningful disclosures of: ---where a company has been ---where it is currently ---where it is going Financial statement fraud is also refer...

CFE - Law COSO ANSWER- created by Treadway Commission to actualize its four recommendations COSO Reports ANSWER- identified five interrelated components of internal control, including the control environment and risk assessment Corporate governance ANSWER- rights/responsibilities of management, shareholders, etc. OECD ANSWER- 30 countries in a forum that exist to discuss/develop/refine policies for corporate governance; required countries to make it a criminal offense to bribe a fo...

FMEA Correct Answer failure modes effects analysis BPM Correct Answer business process modeling SPC Correct Answer statistical process control cusum Correct Answer cumulative summary. each value is added for a cummulative total. EL Correct Answer expected loss BCP Correct Answer business continuity planning CSF Correct Answer critical success factor ERM Correct Answer enterprise risk management RCSA Correct Answer risk control self assessment COSO Correct Answer commit...

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) describes internal control as consisting of five essential components, one of which is risk assessment. This component considers management's efforts to identify and analyze risks relevant to achieving predetermined objectives. One of the strategic objectives for Cromley Insurance Group is customer satisfaction. Which one of the following is a critical success factor (CSF) that would help refine this strategic ob...