[kdawg22]

If you get a written communication that specifically asks for a certain amount and you know less than what they are asking what is the best way to answer. In the below question, I knew three of the 4 elements: risk response, event ID, and objective setting. The last was internal, but I had no idea. If that was the case during the test, is it better just to put the 3 elements I know and don’t put a 4th one or just make an educated guess at what the 4th one might be.

As an internal auditor, you are familiar with COSO’s Enterprise Risk Management—Integrated Framework, and you realize that there are other components the company should be addressing both in its memo and in its process. Draft a memo to your supervisor suggesting the additional four elements of the ERM framework and provide a definition for each one.

Trust the Process

FAR - 83 Wiley
BEC - 68 Wiley, 74 (Wiley & NINJA), 79 (Wiley, NINJA, & Becker SIMS)
AUD - 72 Wiley, 77 (Wiley & NINJA)
REG - 88 Wiley & NINJA

 

[Mike J]

Get to know the following format–This is what I'm going to tell you, this is what I'm telling you, this is what I just told you.

Setup a paragraph for each–regardless of the question being asked.

So, the first paragraph say something like “thank you for asking me about…” Or “I would like to discuss the pros and cons of…”

Next paragraph input a rephrase of the question.

Hit enter and make a third paragraph. Say something like “…can be challenging. Please contact me if you would like me to clarify…further.”

…

This works for two reasons. First, if you are running short on time it's quick enough to type so you don't get zero credit.

Second, by typing out something that doesn't require much thought, it will relax you and it may jog your memory. When I had a temporary job while studying, I was able to think about difficult material and/or questions when I wasn't concentrating on it. Same principal here.

Hope that helps. Good luck

AUD - 90
BEC - 79
FAR - 77
REG - 77

They don't trust JUST ANYBODY to count beans

[Author]

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