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Exam IIA-CIA-Part2 topic 5 question 119 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 119
Topic #: 5
[All IIA-CIA-Part2 Questions]

According to IIA guidance, which of the following factors should an internal auditor consider when assessing the likelihood of fraud risk?

  • A. The effect on the organization's reputation.
  • B. Any potential damage to the organization's relationship with customers.
  • C. Past fraud allegations and actual occurrences.
  • D. The potential and realized financial impacts.
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Suggested Answer: C 🗳️
by emtofid at Sept. 7, 2024, 1:54 a.m.

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emtofid
11 months, 2 weeks ago
Selected Answer: C
key word is likelihood not impact or consequence, While the other factors (A, B, and D) are also relevant to understanding the impact of fraud, they are more focused on the potential consequences rather than the likelihood of fraud occurring.
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