Exam IIA-CIA-Part1 topic 6 question 242 discussion

Actual exam question from IIA's IIA-CIA-Part1

Question #: 242
Topic #: 6

[All IIA-CIA-Part1 Questions]

According to IIA guidance, which of the following statements is true regarding an effective governance process?

A. It stipulates that risk needs to be considered when making strategic decisions.
B. It encourages strict segregation of the risk management and internal control processes.
C. It relies on effective risk management when establishing the organization’s risk appetite.
D. It relies on the board to devise ways to communicate the effectiveness of internal controls.

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Suggested Answer: C 🗳️

by Elvoo at June 25, 2024, 8:08 p.m.

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Kozy

4 weeks, 1 day ago

Selected Answer: A

An effective governance process, according to IIA guidance and frameworks like COSO and ISO 31000: -Requires that risk considerations are integrated into strategic decision-making. -Governance ensures that risk management processes support informed choices regarding strategy, operations, and resource allocation. -Risk should not be viewed in isolation, but as a core component of achieving organizational objectives and protecting value.

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abdullah01

1 year ago

ption A is the statement that aligns with IIA guidance regarding an effective governance process by emphasizing the consideration of risk in strategic decision-making, which is crucial for achieving organizational objectives while managing risks effectively.

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Elvoo

1 year, 1 month ago

why not A?

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