ExamTopics Logo
Mail Us[email protected]
Menu
Iia Discussions
exam questions

Exam IIA-CIA-Part2 All Questions

View all questions & answers for the IIA-CIA-Part2 exam
Go to Exam

Exam IIA-CIA-Part2 topic 5 question 470 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 470
Topic #: 5
[All IIA-CIA-Part2 Questions]

During an assurance engagement, the internal auditor noticed that the chief financial officer (CFO) solely authorized a transaction to sell carbon credits with a total value of $25 million. Which of the following criteria is most likely to assist the auditor in drawing a conclusion?

  • A. The CFO's explanation regarding the priority of the transaction.
  • B. The essence of the transaction authorized by the CFO.
  • C. The conditions of the letter of authorization issued to the CFO.
  • D. The internal auditor's professional judgement of the situation.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
by emtofid at Sept. 24, 2024, 6:54 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
emtofid
4 months, 1 week ago
Selected Answer: C
letter of authorization would outline the CFO's authority, including any limits on their ability to authorize transactions, especially significant ones like a $25 million sale of carbon credits.
upvoted 3 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago