CIMAPRA17-BA3-1 Exam - Topic 1 Question 59 Discussion

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

Question #: 59
Topic #: 1

The purpose of the external audit is the examination of, and expression of opinion on the financial statements of an entity.

What is the purpose of internal audits?

ATo prepare for external audits

BTo assist employees of the organization in effective discharge of their responsibilities

CTo create fear

DTo confirm balances presented in the financial statements

Show Suggested Answer

Suggested Answer: B

by Gilma at Oct 11, 2022, 02:56 AM

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Sue

4 months ago

Totally agree with B! It's about teamwork and efficiency.

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Valda

4 months ago

I thought they were mainly for preparing for external audits.

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Ricki

4 months ago

Wait, can internal audits really create fear? Sounds off.

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Jackie

4 months ago

Definitely B! It's all about supporting employees.

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Elly

4 months ago

Internal audits help improve internal controls.

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Samira

5 months ago

I thought internal audits were more about ensuring compliance and efficiency rather than just confirming financial balances. I hope I remember that correctly!

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Ettie

5 months ago

I feel like option C is definitely not the purpose of internal audits, but I can't quite recall what the main focus is supposed to be.

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Paul

5 months ago

I remember practicing a question similar to this, and I think the main goal is to assist employees in their roles. That sounds right, doesn't it?

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Gearldine

5 months ago

I think internal audits are mainly about helping the organization run smoothly, but I'm not sure if it's just for preparing for external audits.

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Michael

5 months ago

Let me think about this... The Reference Client is definitely for testing connections, but I'm not sure if it's just CTI or if it also handles SIP. I'll have to double-check that.

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Kimberely

5 months ago

The correct answer is A - using the == operator to compare strings. I remember learning that in class.

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Aleta

5 months ago

This is straightforward, I've used rsync for this kind of task before. Option D looks like the correct command to securely copy the directory to the remote host.

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Kerry

5 months ago

Okay, let me think this through. Operating Unit makes the most sense to me, as that's the main organizational unit in E-Business Suite. But I'll double-check the other options just to be sure.

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