According to IIA Guidance, Which of the Following Activities Is

question 362

Multiple Choice

According to IIA guidance, which of the following activities is most likely to enhance stakeholders' perception of the value the internal audit activity (IAA) adds to the organization?
1. The IAA uses computer-assisted audit techniques and IT applications.
2. The IAA uses a consistent risk-based approach in both its planning and engagement execution.
3. The IAA demonstrates the ability to build strong and constructive relationships with audit clients.
4. The IAA frequently is involved in various project teams and task forces in an advisory capacity.

• A) 1 and 2
• B) 1 and 3
• C) 2 and 4
• D) 3 and 4

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Definitions:

Short-Term Debt

Debts due for payment within the next fiscal year.

Financing

The act of providing funds for business activities, making purchases, or investing, through various means such as loans, equity, credits, or grants.

Property

Assets or possessions that are owned by an individual or entity, which can include real estate, intellectual property, and personal property.

Revolving Credit Agreement

A credit facility allowing a company to borrow up to a predetermined limit, repay, and borrow again.