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IIA Exam IIA-CFSA Topic 2 Question 30 Discussion

Actual exam question for IIA's IIA-CFSA exam
Question #: 30
Topic #: 2
[All IIA-CFSA Questions]

When conducting an audit of securities investments, the following objectives and audit steps should be considered EXCEPT:

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Suggested Answer: D

by Helene at Feb 28, 2023, 12:36 AM

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Cecil
2 months ago
Oh man, I bet the auditors have a field day with all these finance guys. 'Hmm, let me see... Yup, you've got securities alright. And they're still here! Good job!'
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Leslie
2 months ago
Ah, I see what they're doing. They're trying to catch us out with that 'EXCEPT' clause. Option D is the only one that doesn't directly relate to the audit of securities investments.
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Eladia
26 days ago
User 3: Option D is the odd one out, it doesn't really fit with the rest.
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Micaela
29 days ago
User 2: Yeah, those are the key objectives and audit steps we should consider.
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Wendell
1 months ago
User 1: I think we need to focus on A, B, and C for the audit of securities investments.
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Carmen
2 months ago
Option D is definitely the odd one out here. Who would forget to audit the balance sheet for securities transactions? That's like Auditing 101!
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Devorah
3 months ago
Hmm, I'm not sure. All of these objectives and steps seem relevant to me. Maybe the exam writers are just trying to trick us.
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Blair
1 months ago
User 3: I agree, we need to carefully consider each option before making a decision.
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Reta
1 months ago
User 2: Yeah, it's important to pay attention to the details.
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Justine
1 months ago
User 1: I think they are trying to test our understanding of the audit process.
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Kenneth
3 months ago
I think option D is the correct answer. Checking if the institution adequately controls and records sold securities in the balance sheet doesn't seem like a standard audit objective for securities investments.
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Merilyn
1 months ago
Verlene: Definitely, it's important to focus on policies, procedures, and reconciliations instead.
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Verlene
2 months ago
User 2: I think so too, it doesn't really fit with the other objectives and audit steps.
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Veronika
2 months ago
User 1: I agree, option D does seem out of place for auditing securities investments.
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Nana
3 months ago
But D makes sense because it's important to control and record sold securities.
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Chu
4 months ago
I disagree, I believe the answer is C.
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Nana
4 months ago
I think the answer is D.
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