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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 5 question 155 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 155
Topic #: 5
[All IIA-CIA-Part2 Questions]

The chief audit executive (CAE) should determine whether the internal audit activity has confirmed the status of all of management's corrective actions. Doing so would help the CAE assess which of the following?

  • A. Disclosure risk.
  • B. Residual risk.
  • C. Compliance risk.
  • D. Inherent risk.
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Suggested Answer: C 🗳️

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emtofid
8 months, 3 weeks ago
Selected Answer: B
Residual risk refers to the risk that remains after management has implemented corrective actions to address identified issues. By confirming the status of management's corrective actions, the CAE assesses whether these actions effectively mitigate the identified risks, and thereby evaluates the level of risk that remains.
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