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NEW QUESTION: 1
A. Option A
B. Option D
C. Option C
D. Option B
Answer: C
NEW QUESTION: 2
When must disclosures on consumer leasing transactions subject to Regulation M be made?
A. Before the first payment due under the lease
B. At the time of the application
C. Within 10 days after consummation of the lease
D. Before the consummation of the lease
Answer: D
NEW QUESTION: 3
During the course of an audit,an internal auditor discovers that a valuable employee in the research department has been patenting new developments in the employee's name that are unrelated to the basic business of the organization.
The organization does not have a policy addressing this specific issue,but does have a general policy that all important new discoveries by employees are the property of the organization.
Division management views the employee's actions as extra incentive to retain the employee.
A decision to include the employee's action in the engagement final communication wouldbe:
1.A violation of the IIA Code of Ethics.
2.A violation of the reporting requirements in the Standards.
3.Justified and necessary,according to the IIA Code of Ethics and Standards.
A. 2only
B. 3only
C. 1 and 2only
D. 1only
Answer: B