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Exam IIA-CIA-Part1 topic 6 question 236 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 236
Topic #: 6
[All IIA-CIA-Part1 Questions]

Who is held responsible for oversight of the organization’s risk management framework?

  • A. Operational management.
  • B. Board of directors.
  • C. Internal auditors.
  • D. Head of risk management.
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Suggested Answer: D 🗳️

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vidhya19
Highly Voted 1 year, 3 months ago
Shouldn't the answer be B ?
upvoted 7 times
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Kozy
Most Recent 4 weeks, 1 day ago
Selected Answer: B
According to IIA Standards, COSO ERM, and best governance practices: The Board of Directors holds ultimate responsibility for the oversight of the organization's risk management framework. The board ensures that: 1. A risk management structure exists. 2. Risk appetite is defined. 3. Management's risk management efforts align with organizational objectives. The board does not perform day-to-day risk management but ensures effective systems, policies, and controls are in place.
upvoted 1 times
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abdullah01
1 year ago
option B, the board of directors, is held responsible for oversight of the organization’s risk management framework according to governance principles and best practices.
upvoted 2 times
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