According to IIA Guidance, Which of the Following Is an Area

question 414

Multiple Choice

According to IIA guidance, which of the following is an area in which the internal auditor should be proficient?

• A) Management principles.
• B) Computerized information systems.
• C) Internal audit standards, procedures, and techniques.
• D) Fundamentals of accounting, economics, and finance.

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Definitions:

Negative Return

A loss that occurs when the value of an investment decreases compared to its initial purchase price.

Currency Appreciation

Refers to the increase in the value of one currency relative to another in the foreign exchange markets.

Contractual Agreement

A contractual agreement is a legally binding arrangement between two or more parties outlining their rights, duties, and responsibilities.

Bondholders

Investors who are the legal owners of bonds, which are debt securities issued by corporations or governments.