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Exam IIA-CIA-Part1 topic 1 question 28 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 28
Topic #: 1
[All IIA-CIA-Part1 Questions]

Which of the following is an example of sharing risk?

  • A. An organization redesigned a business process to change the risk pattern.
  • B. An organization outsourced a portion of its services to a third-party service provider.
  • C. An organization sold an unprofitable business unit to its competitor.
  • D. In order to spread total risk, an organization used multiple vendors for critical materials.
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Suggested Answer: B 🗳️
by Nagu at April 11, 2020, 10:15 a.m.

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somara
Highly Voted 2 years, 4 months ago
There are 5 risk responses: acceptance/retention, avoidance, pursuit, reduction/mitigation, sharing/transfer. Option A & D reduce the risk; Option C is avoiding the risk. B is sharing since an action was taken to reduce risk by transferring a portion of the risk to the third party.
upvoted 7 times
John1237
8 months, 3 weeks ago
Will option A reduce the risk? Nothing is specified. It is the pattern that is changed.
upvoted 1 times
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Jmann
Most Recent 2 years, 4 months ago
Disagree, you can outsource the service but YOU CANNOT outsource the risk. Risk is still borne by the entity if something was to go wrong.
upvoted 2 times
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Nagu
2 years, 10 months ago
Any reason why option D is wrong.
upvoted 1 times
Guest4768
2 years, 9 months ago
It's not sharing but mitigation. Sharing means to share YOUR risk with YOU AND SOME OTHERS.
upvoted 5 times
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C (25%)
B (20%)
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