The Main Objective/s of an Audit of Swaps Is/are

question 108

Multiple Choice

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

• A) To determine the adequacy and effectiveness of controls relating to rate swap transactions
• B) To ascertain that swap transaction are properly recorded in accordance with their term
• C) To ensure that the company's financial statements and regulatory reports properly reflect in accordance with generally accepted accounting principles, the results of swap activity
• D) All of these

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Definitions:

Overt Selling

A straightforward and explicit approach to selling products or services without disguise or hidden intentions.

Business Environment

The combination of all external and internal factors that influence a company's operating situation.

Persuasion

The act of convincing someone to do something or to adopt a certain viewpoint through argument, reasoning, or appeal.

Manipulating

Exerting shrewd or devious influence especially for one's own advantage.