IIA-CIA-Part1 Exam Dumps | Which of the following strategies would be the most effective to share an organization's risk of losses

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Question 357/373

Which of the following strategies would be the most effective to share an organization's risk of losses through foreign currency transactions related to the accounts payable process?

A. Using a hedging strategy.

B. Implementing controls to follow up on deviations.

C. Purchasing liability insurance.

D. Purchasing foreign currency reserves.

Question List (373q): Question 1: The collaborating style for conflict resolution, where the p...; Question 2: Which of the following statements best represents the due pr...; Question 3: Which of the following documents are internal auditors most ...; Question 4: In the COSO internal control framework, which of the followi...; Question 5: According to IIA guidance, which of the following statements...; Question 6: According to HA guidance, if an internal auditor suspects fr...; Question 7: A large commercial bank was fined by regulators for fraudule...; Question 8: Which of the following would be considered an indicator that...; Question 9: An internal auditor assessed that the risk of steel theft at...; Question 10: According to IIA guidance, which of the following statements...; Question 11: Which of the following is an appropriate role for the intern...; Question 12: Which of the following parties would be responsible for ongo...; Question 13: Which of the following should a general internal auditor be ...; Question 14: Operational management in the IT department has developed ke...; Question 15: A newly appointed chief audit executive (CAE) started analyz...; Question 16: Which of the following processes does the board manage to en...; Question 17: In its five years of existence, an internal audit activity c...; Question 18: The organization's internal audit charter was last updated s...; Question 19: In the context of an internal control framework, organizatio...; Question 20: It is important for the chief audit executive to consider th...; Question 21: Which of the following is an example of corruption?...; Question 22: Which of the following statements is true regarding occupati...; Question 23: Senior management asks the chief audit executive to review t...; Question 24: To encourage internal audit objectivity, which of the follow...; Question 25: Which of the following specifications in an internal audit c...; Question 26: The accounting department asked the chief audit executive (C...; Question 27: Which of the following is the primary engagement responsibil...; Question 28: To comply with the proficiency standard which of the followi...; Question 29: According to IIA guidance, which of the following best descr...; Question 30: During a review of the procurement function, an internal aud...; Question 31: Which type of engagement requires that the client agrees wit...; Question 32: The chief audit executive (CAE) planned an in-person group t...; Question 33: During an assurance engagement the internal audit team disco...; Question 34: An organization allows the same individual to physically acc...; Question 35: Which level of corporate social responsibility does whistleb...; Question 36: A chief audit executive (CAE) is currently employed at a com...; Question 37: A subsidiary of the organization was preparing for an initia...; Question 38: Which of the following is true regarding internal audit role...; Question 39: Which of the following disclosures must the chief audit exec...; Question 40: Which of the following is the first step in the process of i...; Question 41: Guidelines need to be set for various levels of suspected fr...; Question 42: The chief audit executive (CAE) has decided to outsource an ...; Question 43: Which of the following is an area that an organization would...; Question 44: A newly hired chief audit executive is reviewing available d...; Question 45: What is the primary reason for establishing a continuing pro...; Question 46: According to IIA guidance, which of the following activities...; Question 47: Which of the following statements is most accurate with resp...; Question 48: Anew internal auditor suspects fraud is taking place. 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Question 357/373

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