According to IIA Guidance, Which of the Following Is the Least

question 54

Multiple Choice

According to IIA guidance, which of the following is the least appropriate role for the internal audit activity in the organization's risk management program?

• A) Conducting full investigations of suspected fraud.
• B) Monitoring the organization's whistle-blower hotline.
• C) Assessing the risk of fraudulent activity in the organization.
• D) Providing ethics training sessions to organization staff.

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Definitions:

Swiss Francs

The official currency of Switzerland, known for its stability and widely used in international financial transactions.

Euros

The official currency of the eurozone, which is used by 19 of the 27 European Union countries.

Interest Rate Parity

The fundamental principle that the difference in interest rates between two countries is equal to the expected change in exchange rates between those two countries' currencies.

Annualized Return

The geometric average amount of money earned by an investment each year over a given time period.