BEC-NINJA

Question 1

INTERNAL CONTROLS

Answer 1

INTERNAL CONTROLS ARE THE POLICIES AND PROCEDURES ESTABLISHED BY MANAGEMENT TO PROVIDE REASONABLE ASSURANCE THAT ITS OBJECTIVES WILL BE ACHIEVED. THESE POLICIES AND PROCEDURES ARE CHARACTERIZED SEVERAL WAYS:

• ACCOUNTING CONTROLS
• ADMINISTRATIVE CONTROLS-MANAGEMENT CONTROLS

Question 2

MONITORING

Answer 2

• MONITORING OF CONTROLS IS A PROCESS TO ASSES THE QUALITY OF IC PERFORMANCE OVER TIME.
• IT INVOLVES ASSESSING THE DESIGN AND OPERATIONS OF CONTROLS ON A TIMELY BASIS AND TAKING NECESSARY CORRECTIVE ACTIONS.

Question 3

DIFFUSION

Answer 3

DIFFUSION INVOLVES SETTING ASIDE THE CONFLICT SITUATION AND CONCENTRATING ON LESS CONTROVERSIAL ISSUES