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Exam IIA-CIA-Part2 topic 4 question 37 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 37
Topic #: 4
[All IIA-CIA-Part2 Questions]

Which of the following is true regarding roles and responsibilities in risk management processes?

  • A. Setting strategic direction resides with senior management.
  • B. Ownership of risks resides with the board.
  • C. Acceptance of residual risk resides with executive management level.
  • D. Identifying, assessing, mitigating and monitoring activities on a continuous basis rests with the internal audit activity.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
by ekek at Oct. 27, 2020, 9:44 a.m.

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Kiara2
1 year, 11 months ago
Acceptance of residual risks that result from with Risk Treatment has to take place at the level of the executive management of the organization.
upvoted 2 times
KonradK
1 year, 6 months ago
Could you please provide the relevant standard #
upvoted 2 times
John1237
11 months, 4 weeks ago
Performance standard and interpretation 2600. "The identification of risk accepted by management may be observed through an assurance or consulting engagement, monitoring progress on actions taken by management as a result of prior engagements, or other means."
upvoted 1 times
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Kiara2
1 year, 11 months ago
The board is responsible for establishing the organization's mission, vision and strategic direction in conjunction with the executive director.
upvoted 2 times
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Audreyng912
1 year, 12 months ago
A is a correct answer
upvoted 1 times
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luft192
2 years, 2 months ago
Why not A?
upvoted 1 times
Sproll
2 years, 1 month ago
Setting strategic direction resides with the board, not with senior management
upvoted 2 times
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ekek
2 years, 3 months ago
y not D?
upvoted 1 times
Brad626
2 years, 3 months ago
It is not the role of IA to mitigate risks
upvoted 1 times
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Community vote distribution
A (35%)
C (25%)
B (20%)
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