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hello :)
Tuesday, April 14, 2009
7:04:00 pm
Today's paper was one of the worst in my life cuz I DID NOT FINISH :( It was totally disgusting.
Firstly, we had 6 questions. SIX?!?!?! When past years there were only 2? Or maximum 4?
Qn 1: Identify 5 events and how they can affect BBB (the company). 2 response measures for each.
Qn 2: Identify 3 risks and how it affects one financial statement assertion. Two control measures and how it addresses the risk for each.
Qn 3: 2 events and control measure each.
Qn 4: List and explain 5 controls
Qn 5: 6 factors when prioritzing risks
An 6: 6 key risk indicators
Ohmygoodness. It was really really too much! I could only list 5 and couldn't think of anymore! :(
And after typing this, I realise I should've written opportunities for qn1 cuz they said events n not risks only. AHHHHHHHHH :(