BEC COSO

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  • #190076
    weneedthis1
    Member

    Hello,

    I have a question for anyone that is using Becker for BEC.

    I have the 2013 becker materials and am taking the exam November 30th. I had not opened becker in awhile, so about 2 months ago I updated all 4 of the sections. As I am going through the lectures I have noticed that the COSO components have changed. For the control environment in 2013 I used to be able to use PHRASED numonic (Philosophy and operating style of management, human resources, reporting (financial) competencies, authority and responsibility, structure, ethical values, directors) However, now when looking at the Ebook and the lectures it now says it is EBOCA (Ethics, Board independence, Organizational structure, Commitment to Competence, Accountability). This also effected the components of the ERM internal environment. Because of this I studied it and am fine with it, however, one I started doing the MC questions, they are still asking me questions about PHRASED. Which do I need to know? Why is Becker updating lectures but not the MCQs? It is starting to become very frustrating when I can’t figure out what I should be studying/following. Any insight would be greatly appreciated.

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