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Thread: Inside A Crab

  1. #1
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    Default Inside A Crab

    Does any one know what this Acronym stands for? I remember this summarises good corporate governance and could only remember a few like A stands for Audit Committee and C for Chairpeson/Chairman.

    Thanks

  2. #2
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    Default not very sure

    not very sure

  3. #3
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    Default help

    HELP!!! I need F8 exam tips from BPP

  4. #4
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    Default

    Any answers what Acronym stands for? It can be of a help

  5. #5
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    Default Inside A Crab

    ?= not 100% sure, good luck everyone for wednesday. this is one boring paper.

    Internal audit
    Nonminations committee
    Shareholder communication?
    Internal controls
    Disclosures
    Effective board

    Audit committee

    Chairman CEO different
    Renumerations committee
    Accounting policies?
    Balanced board

  6. #6
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    Default F8 Acronym general

    Here are some others in use-

    ACCA COVER - Assertions
    COVER A - Asserstions relating to balance sheet
    AEIOU - For testing Assertions
    EIO - For control testing

    SODIT - External Audit relying on internal audit
    SOAPSPAM - Internal Control enviroment?
    ICPOP - Princilple of independance
    SAMFIS - Threats to ethics
    ROSE - differnce in I.A. and Ext. A.
    NET - Audit plan
    BSSMART - Audit Strategy

  7. #7
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    Default inside a crab

    internal audit
    nominations committee
    shareholders
    internal controls
    disclosures
    effective board

    accounting

    chairman
    remunerations committee
    audit committee
    balanced board

  8. #8
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    Default

    Hi afcplc.. definitely agree with you.. studying for audit is most boring!

    anyway.. useful acronyms your have there.

    mind sharing what is ROSE and SODIT?

  9. #9
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    Default

    hope it went well. i found the wording in the questions left it very difficult to get marks.
    The SODIT was relying on the work of Internal Audit by Ex. Audit,
    Scope of work done
    Organisation structure
    Due care taken
    Inpendance from management
    Technical ability

    The ROSE was the difference Internal and External Audit -
    Reports to Management or Audit Committer vrs Shareholders
    Objective Long term vrs short term during the audit
    Status in company Employee vrs Independant
    Education requires

    Good luck.

  10. #10
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    Red face

    Girls and boys...

    How's the exam this sitting?

    Any study guide for me...

    I am taking F8 for next sitting..in June 2009


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