In this engaging lesson, embarking on the journey through Business Environment and Concepts (BEC), Nick Palazzolo, CPA, introduces the foundational elements of internal control frameworks, with a specific focus on COSO. He communicates the excitement of mastering this topic, emphasizing the importance of memorization and drawing on his "Batman" analogy to illustrate the power of a well-stocked mental utility belt when tackling the exam. With anecdotes and personal study strategies, Nick not only sets the stage for the learning objectives related to COSO but also encourages an active approach to engraining concepts such as entity and transaction-level risks, and corporate governance structures. By the end of the lesson, there's a clear call to action: fill that utility belt and confidently prepare for what lies ahead.
Lesson: Internal Control Frameworks Overview and Objectives
In this engaging lesson, embarking on the journey through Business Environment and Concepts (BEC), Nick Palazzolo, CPA, introduces the foundational elements of internal control frameworks, with a specific focus on COSO. He communicates the excitement of mastering this topic, emphasizing the importance of memorization and drawing on his "Batman" analogy to illustrate the power of a well-stocked mental utility belt when tackling the exam. With anecdotes and personal study strategies, Nick not only sets the stage for the learning objectives related to COSO but also encourages an active approach to engraining concepts such as entity and transaction-level risks, and corporate governance structures. By the end of the lesson, there's a clear call to action: fill that utility belt and confidently prepare for what lies ahead.
Updated: May 31, 2022 Create an account