IIA Exam IIA-CFSA Topic 6 Question 51 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 51
Topic #: 6

Which of the following is/are included in the specific steps for auditing short-term investments?

AEnsure that policies and procedures for short-term trading activities exist, are periodically reviewed for changes, and are properly approved

BReview to ensure that trading policies include allowed and restricted trading instruments, approved traders

CReview the short-term trading activity to ensure compliance with trading policies and procedures and applicable regulatory environment

DAll of the above

Show Suggested Answer

Suggested Answer: D

by Caitlin at May 07, 2024, 08:29 AM

Limited Time Offer

25%

Off

Get Premium IIA-CFSA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Angella

2 months ago

I'd better double-check the regulatory environment too. Can't have any compliance issues on my watch!

upvoted 0 times

...

Belen

2 months ago

Haha, I bet the auditors have a field day with these short-term investments. Gotta make sure those traders aren't getting too wild out there!

upvoted 0 times

Kris

30 days ago

C) Review the short-term trading activity to ensure compliance with trading policies and procedures and applicable regulatory environment

upvoted 0 times

...

Nelida

1 months ago

B) Review to ensure that trading policies include allowed and restricted trading instruments, approved traders

upvoted 0 times

...

Lynelle

2 months ago

A) Ensure that policies and procedures for short-term trading activities exist, are periodically reviewed for changes, and are properly approved

upvoted 0 times

...

Celestina

3 months ago

Agreed, D seems like the most comprehensive answer. I'd better review those trading policies and procedures though, just to be safe.

upvoted 0 times

Gail

2 months ago

User 3: I should definitely review those trading policies and procedures to ensure compliance.

upvoted 0 times

...

Melynda

2 months ago

User 2: Yeah, it covers all the important aspects of auditing short-term investments.

upvoted 0 times

...

Jolanda

2 months ago

User 1: I agree, option D seems like the best choice.

upvoted 0 times

...

Sylvie

3 months ago

Hmm, this question covers a lot of ground. I think option D is the correct answer, as it encompasses all the key steps for auditing short-term investments.

upvoted 0 times

...

King

3 months ago

I'm not sure about D. I think it could be A) Ensure that policies and procedures for short-term trading activities exist, are periodically reviewed for changes, and are properly approved.

upvoted 0 times

...

Johana

3 months ago

I agree with Filiberto. It makes sense to review all aspects of short-term investments.

upvoted 0 times

...

Filiberto

4 months ago

I think the answer is D) All of the above.

upvoted 0 times

...