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

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?
B) To assist employees of the organization in effective discharge of their responsibilities
A) To prepare for external audits
C) To create fear
D) To confirm balances presented in the financial statements

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

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 59
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

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?

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Suggested Answer: B

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

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Sue
10 months ago
Totally agree with B! It's about teamwork and efficiency.
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Valda
10 months ago
I thought they were mainly for preparing for external audits.
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Ricki
10 months ago
Wait, can internal audits really create fear? Sounds off.
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Jackie
11 months ago
Definitely B! It's all about supporting employees.
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Elly
11 months ago
Internal audits help improve internal controls.
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Samira
11 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
11 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
11 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
11 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
11 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
11 months ago
The correct answer is A - using the == operator to compare strings. I remember learning that in class.
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Aleta
11 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
11 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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