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Exam IIA-CIA-Part3 topic 2 question 404 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 404
Topic #: 2
[All IIA-CIA-Part3 Questions]

An internal auditor reviews consolidated financial statements for a group of organizations. Which of the following risks should the auditor consider?

  • A. The statements may conceal poor performance of a subsidiary within the group.
  • B. The statements will not reflect business areas under common control.
  • C. The statements will not indicate total wealth controlled by the parent company.
  • D. The statements may be misleading due to inclusion of transactions between members of the group.
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Suggested Answer: A 🗳️
by 34205ac at Dec. 1, 2024, 6:55 p.m.

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34205ac
2 days, 13 hours ago
Selected Answer: D
D is more accurate
upvoted 1 times
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