Principles of Managing Risk
The details are correct on counterparts, e.g. customers, vendors, staff etc.
What is the Counterpart Principle?
Payment in cash, to any suppliers or from any customers _____________. Available cash shall be deposited to the bank ___________________.
What is "shall be avoided" and "at least once a week"?
"If there would be 25 hours in a day, I would spend the extra hour drinking wine on a mountain top in the sunset" -SG
QR9
What is US113?
The routine that requires two authorized individual's actions.
What is the Four Eyes Principle?
Manipulation of supplier information in Coda or in the bank is a critical risk of ____________.
What is "Purchasing" ?
Who is Petter Bjornsson?
8C0
What is US060?
That different individuals or departments have separated duties e.g. invoice approval by operations and payments by finance.
What is the Segregation of Duties Principle?
The FM shall ensure that ___________ of the fixed asset register is performed at least ___________.
What is "inventory" and "annually"?
"You would be surprised to know that I have met Jennifer Aniston." -MH
D20
What is US070?
That automatic protected activity of log-ins, changes to user details, etc. are recorded.
What is the Trail Principle?
EF's Group Control Policies document the routines and controls that _________ and __________ to secure continuation and effectiveness of the whole organization.
What is "manage risks" and "ensure compliance"?
"When I was young, my dream was to become a lion."- MF
Who is Marcus Friberg?
HG8
What is US311?
That orderly systematic intelligence applies to routines and controls.
What is the Analytical Procedure principle?
To issue a refund, a request first needs to be created by an EF respresentative containing:
1. _______________
2. _______________
3. _______________
What is "customer details", "reason for refund", and "refund amount/currency"?
"When I was young, my dream was to have my own late-night-show on television" -HN
Who is Henrik Norlin?
NWX
What is US115?