Module 6 assignment

What is the name of the book that NFP and government professionals need to be familiar with? A. The green book  B. The red book  C. The yellow book D. The black book

Principle 3 A governance system should be dynamic. This means that each time one or more of the design factors are changed (e.g., a change in strategy or technology), the impact of these changes on the EGIT system must be considered. A dynamic view of EGIT will lead toward a viable and future-proof EGIT system. Current Practice Recommendation Principle 4 A governance system should clearly distinguish between governance and management activities and structures. Current Practice Recommendation Principle 5 A governance system should be tailored to the enterprise's needs, using a set of design factors as parameters to customize and prioritize the governance system components. Current Practice Recommendation Current Practice Principle 6 A governance system should cover the enterprise end to end, focusing not only on the IT function but on all technology and information processing the enterprise puts in place to achieve its goals, regardless where the processing is located in the enterprise.…

ning Objective 1 S8-1 Defining internal control Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate accounting records. Requirements 1. Which objective do you think is most important? 2. Which objective do you think the internal controls must accomplish for the busi- ness to survive? Give your reason.

QUESTION 3 The IFAC international Ethics Standards Board for Accountant (IESBA) Code of Ethics for Professional Accountants set out the five fundamental principles of professional ethics and provides a conceptual framework for applying those principles. Professional Accountants must apply this conceptual framework to identify threats to compliance with the principles, evaluate their significance and apply appropriate safeguards to eliminate or reduce them so that compliance is not compromised. Required: Explain FIVE major threats identified in the code of ethics giving ONE example of each.

Question 7 Which of the following activities in not an element of a CPA firm's quality control system to be considered in establishing quality-control policies and procedures? 1. Selecting personnel for advancement who have the necessary qualifications. 2. Deciding whether to accept or continue a client relationship. 3. Assessing a client's ability to establish effective internal controls. 4. Monitoring the effectiveness of professional development activities. 2 O 1 O 3

Question 6 Which of the following are elements of a CPA firm's quality control that should be considered in establishing its quality control procedures and policies? 1.) Engagement Performance 2.) Relevant Ethical Requirements 3.) Monitoring 1. Yes No Yes 2. Yes Yes Yes 3. No No Yes 4. No Yes Yes O 3 O 4 O 2 O 1

Sh14 Please help me  Solution  Thankyou.