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

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King

2 days 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.

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Johana

9 days ago

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

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Filiberto

16 days ago

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

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