IIA Exam IIA-CIA-Part2 Topic 7 Question 81 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam

Question #: 81
Topic #: 7

An audit observation states the following:

"Despite the rules of the organization there is no approved credit risk management policy in the subsidiary. The subsidiary is concluding contacts with clients who have very high credit ratings. The internal audit team tested 50 contacts and 17 showed clients with a poor credit history"

Which of the following components are missing in the observation?

ACause and effect.

BEffect and criteria

CCondition and cause

DCriteria and condition.

Show Suggested Answer

Suggested Answer: D

by Mirta at Jul 05, 2024, 01:52 AM

Limited Time Offer

25%

Off

Get Premium IIA-CIA-Part2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Shalon

I believe the missing components are criteria and condition, as they are essential for a thorough audit observation.

upvoted 0 times

...

Rozella

1 hours ago

Ah, this is a tricky one. I think the missing components are Condition and Cause. The observation clearly states the Condition, but the Cause is not clearly identified.

upvoted 0 times

...

Sylvie

2 days ago

I agree with Corazon, cause and effect are definitely missing in the observation.

upvoted 0 times

...

Corazon

4 days ago

I think the missing components are cause and effect.

upvoted 0 times

...