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Exam IIA-CIA-Part1 topic 6 question 386 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 386
Topic #: 6
[All IIA-CIA-Part1 Questions]

With regard to governance, which of the following is a board-level responsibility rather than a management responsibility?

  • A. Obtaining assurance on external financial, regulatory, and internal audits.
  • B. Complying with laws, regulations, and codes.
  • C. Assigning authority and responsibilities organizationwide.
  • D. Monitoring and measuring performance.
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Suggested Answer: B 🗳️

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Kozy
1 week ago
Selected Answer: A
Board-level responsibilities focus on oversight, governance, and ensuring the organization operates within acceptable risk levels, complies with regulations, and functions effectively. Obtaining assurance from: -External financial audits, -Regulatory reviews, and -Internal audit activities is a key board function, typically carried out through the Audit Committee or equivalent governance bodies. This assurance helps the board fulfill its governance duties and confirm the effectiveness of the organization's risk management, control, and compliance processes.
upvoted 1 times
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Akekaraj
8 months ago
Answer A
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abdullah01
1 year, 4 months ago
A is better
upvoted 4 times
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