During the Planning Phase of an Audit of the Treasury

question 285

Multiple Choice

During the planning phase of an audit of the treasury function, an internal auditor conducted a risk assessment of the function in order to:

• A) Report any high-risk exposures of the treasury function to management and the board.
• B) Determine whether appropriate resources are present to carry out the treasury function.
• C) Comply with the internal audit charter and applicable regulatory requirements.
• D) Identify areas of the treasury function that should be considered for potential engagement objectives.

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Definitions:

Nausea

A feeling of unease and discomfort in the stomach with an urge to vomit.

Professional Appearance

The demeanor and dress code an individual adopts to conform to business or professional standards, often influencing first impressions.

Cleanliness

The state or quality of being clean and free from dirt or contaminants, crucial for preventing infection and maintaining health.

Proper Attire

Clothing that is suitable or appropriate for a particular situation, occasion, or environment.