IIA
IIA-CFSA · Question #480
The main objective/s of an audit of swaps is/are:
The correct answer is D. All of these. See the full explanation below for the reasoning.
Question
The main objective/s of an audit of swaps is/are:
Options
- ATo determine the adequacy and effectiveness of controls relating to rate swap transactions
- BTo ascertain that swap transaction are properly recorded in accordance with their term
- CTo ensure that the company's financial statements and regulatory reports properly reflect in
- DAll of these
How the community answered
(35 responses)- A6% (2)
- B3% (1)
- C11% (4)
- D80% (28)
Community Discussion
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