IIA-CIA-Part2 Exam - Question 124

The least desirable criteria to judge the current operations of an organization's treasury function would be finance textbook illustrations of generally accepted good treasury function practices. This is because textbook illustrations are often theoretical and might not be directly applicable to the specific context, practices, and challenges that an organization faces. Instead, current operations should be judged against internal policies, procedures, and best practices relevant to the industry, which are more practical and tailored to the organization's unique environment.