IIA-CIA-Part2 Exam Dumps | An internal auditor provided the following statement about division A's performance during the month:

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Question 177/178

An internal auditor provided the following statement about division A's performance during the month: "Because supplies of raw material X were scarce, division A's profits declined by 15 percent." Which of the following can be validly concluded from the auditor's statement?
I . Division A's production level declined by 15 percent.
II . Division A could have sold more products than it produced.
III . Division A usually sells all of the products that it produces.

A. I only

B. II only

C. III only

D. I and II only

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Question 177/178

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