1. The primary objectives of process activity modeling (BPMN) is to describe the important steps in a business process clearly, concisely, and accurately. List the modeling best practices that ensure the above-mentioned objectives.
2. The primary objective of a class diagram, UML for example, is to describe the important elements of a domain of interest clearly, concisely, and accurately. List the modeling best practices that ensure the above-mentioned objectives.
3. There are three types of controls: preventive, detective, and corrective. List some examples of each type. Explain which type of control auditors would focus on while evaluating a companys effectiveness of controls and why?
4. Explain how XBRL works and how it makes business reporting more efficient.