CIMAPRA17-BA3-1 Exam - Topic 1 Question 49 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 49
Topic #: 1

One of the main responsibilities of internal auditors is to check the operational systems within their organization to establish whether the system's internal controls are sufficient and in full operation.

Which THREE of the following are examples of internal controls?

ASegregation of duties

BPhysical

CAccounting codes

DAuthorization and approval

EFiling

FDocumentation

Show Suggested Answer

Suggested Answer: A, B, D

by Bok at May 08, 2022, 11:07 PM

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Tresa

4 months ago

Physical controls are a must-have for security!

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Lachelle

4 months ago

Filing? That seems a bit basic for internal controls.

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Lamonica

4 months ago

Wait, are accounting codes really considered internal controls?

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Rikki

4 months ago

I think authorization and approval is super important too.

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Ty

5 months ago

Segregation of duties is definitely a key control!

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Lettie

5 months ago

This question seems pretty straightforward. I think the term "underwriting" best describes the process of assessing and classifying risk, so I'll go with that.

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Skye

5 months ago

Hmm, I'm not totally sure about this one. The options seem a bit broad, and I'm not entirely confident in my knowledge of different types of meters and how to use them. I'll have to think this through carefully.

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Anisha

5 months ago

Okay, I've got this. The key is to identify the variable that is NOT something managers should consider when preparing a budget. I think I know the right answer.

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