FInRep

Monthly Trade Sales by Minor Product (MTSM) are due every C+5, 5PM EST/ 5AM Manila Time.

• True

• False

Quarterly Additional Supplemental Submission (QSSA) regardless of the MRC Type are due on C+9, 1PM EST/1AM Manila Time.

• True

• False

Receipt of Transmittal letter from GTAAS is the last step/process of the BRAVO Lifecycle.

• True

• False

TB Variance checking is to ensure the equality of Assets and Liabilities in the general ledger.

• True

• False

Access Check is done around C+5.

• True

• False

“Manual adjustment” is defined as any modification made to the final BRAVO submission file prior to BRAVO Submission.

• True

• False

The control type/assertion COMPLETENESS, ACCURACY, and VALIDITY are all applicable to for SOX_FIN_FR_01, SOX_FIN_FR_03, and SOX_FIN_FR_24.

• True

• False

The control categories applicable to SOX_FIN_FR_24 are preventive and detective.

• True

• False

The following are the common testing attributes in SOX_FIN_FR_01, SOX_FIN_FR_03, and SOX_FIN_FR_24:
1.      Inspect that the BRAVO submissions/GL Tie Out Reconciliation between GL and Bravo submission are reviewed by the GS Management in a timely manner.
2.       Inspect that adequate supporting documents are maintained to evidence performance of the control.
3.      The approver of the BRAVO Submissions and GL Tie-out financial submissions does not have Admin or Load access to BRAVO or access to post JEs at the time of approving the submission.”

• True

• False

General Accounting is the disclosure of financial results and related information to management and external stakeholders (e.g., investors, customers, regulators) about how a company is performing over a specific period.

• True

• False