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IC Compliance Refresher

Authored by Verlyn Cruz

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IC Compliance Refresher
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10 questions

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1.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

What control category does SOX_FIN_FR_05 belongs to?

Detective

Preventive

All of the above

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which statements were correct?

Statement 1 A. Inspect that all JEs are approved independent of the preparer. B. IPE Accuracy - Inspect that the manual journal entry report used for review is accurate

Statement 2 A. Inspect that un-reconciled items are identified and corrective actions determined. B. Inspect that the rec, tied back to third party documentation or supporting schedules, including components of the ending balance (estimates, accruals, etc.).

Statement 1 is correct

Statement 2 is correct

Both Statements are wrong

3.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

What is the threshold in where the analyst should secure evidence to ensure the variance was communicated to Corporate Consolidations and GTAAS by Close day 8.

Reconciling item is > 4MM USD

Reconciling item is < 5MM USD

Reconciling item is > 5MM USD

4.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

What does RCM mean?

Risk Corporate Matrix

Risk Control Management

Risk Control Matrix

5.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

What is the SOX Control number for the Global Interface Contol?

IC_03

IC_04

IC_05

6.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

What is the deadline for IC25 BRAVO Submission and handoffs? 

A. C+5

B. C+8

C. C+10

7.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

This is the process  wherein LE to LE reconciliation is performed.

IC25

IC OOB Aging

IC02

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