Which of the Following Is Not a Mandatory Component of the IIA's

question 21

Multiple Choice

Which of the following is not a mandatory component of the IIA's International Professional Practices Framework?

• A)Definition.
• B)International Standards for the Professional Practice of Internal Auditing.
• C)Code of Ethics.
• D)International Auditing Standards.

Acknowledge the evolutionary relationship between animals and their common ancestors.

Understand the impact of biological differences between genders on the effects of alcohol.

Describe the long-term physical effects of various substances, including alcohol.

Recognize the historical perceptions of substance use and how these perceptions have evolved over time.

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Definitions:

Implied Warranty

A legal assumption that goods are fit for the purpose for which they were sold, even if not explicitly stated.

Merchantability

A warranty that a product sold will meet reasonable expectations of the buyer, including that it is of average acceptable quality and is fit for the purpose for which it is sold.

Defective

Pertaining to a lack of perfection, flaws, or deficiencies in a product, service, or legal document that impair its quality, functionality, or legality.

Security Interest

Any interest “in personal property or fixtures which secures payment or performance of an obligation” [UCC 1–201(37)].