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  • IIA-CIA-Part2 pdf
  • Exam Code: IIA-CIA-Part2
  • Exam Name: Practice of Internal Auditing
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  • Exam Code: IIA-CIA-Part2
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NEW QUESTION: 1
True or False: Each task in the SAP Financial Closing cockpit can have exactly one prerequisite task
assigned to it.
A. False
B. True
Answer: A
Explanation:
You can assign multiple tasks as prerequisites, including an entire task folder.

NEW QUESTION: 2
The main objective of private security is:
A. To assist police in investigation of crimes
B. To protect assets and prevent losses
C. To apprehend those who steal property from their firms
D. To prevent unauthorized persons from entry on firm's property
Answer: B

NEW QUESTION: 3
William Michael, CFA, is the research analyst responsible for following Company X.
All the information he has accumulated and documented suggests the stock should be rated a weak 'hold,' because the outlook for the firm's new products is poor. During a recent luncheon, however, Michael overheard a financial analyst from another firm offer opinions that conflict with his own forecasts and expectations.
Upon returning to his office, Michael released a strong 'buy' recommendation to the public based on this new information. Michael:
A. violated CFA Institute's Standards of Professional Conduct by failing to distinguish between facts and opinions in his recommendation.
B. violated CFA Institute's Standards of Professional Conduct, because he did not have a reasonable and adequate basis for his recommendation.
C. violated CFA Institute's Standards of Professional Conduct, because he did not seek approval of the change from his firm's compliance department.
Answer: B

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