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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)
  • A
    6% (2)
  • B
    3% (1)
  • C
    11% (4)
  • D
    80% (28)

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