Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

IIA Exam IIA-CFSA Topic 6 Question 64 Discussion

Actual exam question for IIA's IIA-CFSA exam
Question #: 64
Topic #: 6
[All IIA-CFSA Questions]

The main objective/s of an audit of swaps is/are:

Show Suggested Answer Hide Answer
Suggested Answer: D

by Alaine at Sep 17, 2024, 04:48 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel
Veta
4 months ago
Swaps, the financial equivalent of a hot potato. Option D is the only way to make sure you don't get burned. Hey, at least it's not as complicated as quantum physics, right?
upvoted 0 times
...
Jacinta
4 months ago
I believe the main objective is to ensure that the company's financial statements and regulatory reports properly reflect the results of swap activity in accordance with accounting principles. So, I would go with option D, all of these.
upvoted 0 times
...
Eun
4 months ago
I mean, who doesn't love a good swap audit? It's like a financial treasure hunt, but with way more paperwork. Option D is the clear winner here.
upvoted 0 times
Edward
2 months ago
User 3: It's important to ensure everything is properly recorded and reflected in financial statements.
upvoted 0 times
...
Ashton
3 months ago
User 2: Definitely, option D covers all the important objectives.
upvoted 0 times
...
Laurel
3 months ago
User 1: I agree, swap audits are like a treasure hunt.
upvoted 0 times
...
...
Shelba
4 months ago
I agree with Glendora. It's important to make sure that swap transactions are properly recorded in accordance with their terms.
upvoted 0 times
...
Glendora
4 months ago
I think the main objective of an audit of swaps is to determine the adequacy and effectiveness of controls relating to rate swap transactions.
upvoted 0 times
...
Gracie
4 months ago
I agree, D is the way to go. Wouldn't want any slip-ups on the financial reporting side, right? Auditors need to be thorough.
upvoted 0 times
...
An
4 months ago
Definitely D. All of these objectives are crucial for an effective audit of swaps. Gotta cover all the bases, you know?
upvoted 0 times
Arlyne
3 months ago
Yes, it's essential to ensure accuracy and compliance in swap transactions.
upvoted 0 times
...
Maryann
3 months ago
I think D is the best option, it covers all the necessary objectives for the audit.
upvoted 0 times
...
Delsie
4 months ago
Absolutely, we can't afford to overlook any important details.
upvoted 0 times
...
Susy
4 months ago
I agree, it's important to make sure all aspects of the audit are covered.
upvoted 0 times
...
...

Save Cancel