Amer

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

amyzhangjie

not very sure

tanyewmeng

HELP!!! I need F8 exam tips from BPP

sarag

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

afcplc

?= 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

afcplc

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

byrom1

internal audit
nominations committee
shareholders
internal controls
disclosures
effective board

accounting

chairman
remunerations committee
audit committee
balanced board

aadel

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?

afcplc

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.

mandyglp

Girls and boys...

How's the exam this sitting?

Any study guide for me...

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