Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

IIA Exam IIA-CFSA Topic 1 Question 53 Discussion

Actual exam question for IIA's IIA-CFSA exam
Question #: 53
Topic #: 1
[All IIA-CFSA Questions]

Faulty human judgments, misunderstanding of instructions, errors, management override, and collusion and cost/benefit considerations are the limitations of:

Show Suggested Answer Hide Answer
Suggested Answer: D

by Claudio at May 29, 2024, 05:42 AM

Limited Time Offer

25%

Off

Get Premium IIA-CFSA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Launa
3 months ago
This question is making my head spin like a top! Maybe I should just spin the wheel and hope for the best. *spins imaginary wheel* Oooh, B. Internal Control System - let's go with that!
upvoted 0 times
Doretha
1 months ago
User 3: I agree, having a strong internal control system is crucial for preventing errors and fraud.
upvoted 0 times
...
Veda
1 months ago
User 2: Yeah, that makes sense. It's all about managing risks within the organization.
upvoted 0 times
...
Agustin
2 months ago
User 3: I agree, internal controls are important for reducing risks and ensuring accuracy.
upvoted 0 times
...
Phung
2 months ago
User 1: I think it's B) Internal Control System.
upvoted 0 times
...
Makeda
2 months ago
User 2: Yeah, that sounds right. It helps prevent errors and misunderstandings.
upvoted 0 times
...
Louann
2 months ago
User 1: I think it's B) Internal Control System.
upvoted 0 times
...
...
Sena
3 months ago
Hold on, is this a trick question? I'm leaning towards A. Reasonable Assurance. Seems like those issues could compromise the auditor's ability to provide reasonable assurance.
upvoted 0 times
...
Alberta
3 months ago
Haha, it's like they're testing us on Murphy's Law! I'll guess D. Compliance Control. Those pitfalls can trip up even the most diligent compliance programs.
upvoted 0 times
Ira
1 months ago
You may be right, but I'm sticking with A. Reasonable Assurance. It's all about providing that level of confidence in the controls.
upvoted 0 times
...
Naomi
1 months ago
I see your point, but I still think it's D. Compliance Control. Those limitations can really impact compliance efforts.
upvoted 0 times
...
Daniel
2 months ago
I agree, but I'm leaning towards C. Risk Management. It's crucial to identify and mitigate those risks.
upvoted 0 times
...
Fausto
2 months ago
I think it's B. Internal Control System. That's where most of the errors can occur.
upvoted 0 times
...
...
Howard
3 months ago
Wow, this is a tricky one. I'm going to go with C. Risk Management. Those factors can definitely undermine risk management efforts.
upvoted 0 times
Paulina
3 months ago
I agree, it's important to be aware of the limitations when it comes to managing risks.
upvoted 0 times
...
Alysa
3 months ago
I think you're right, those factors can really impact risk management.
upvoted 0 times
...
...
Sheridan
3 months ago
But what about risk management? Isn't that also affected by human errors?
upvoted 0 times
...
Ciara
3 months ago
I think the correct answer is B. Internal Control System. These are all common limitations of internal controls.
upvoted 0 times
Jeniffer
2 months ago
Absolutely, having strong internal controls can help mitigate risks and ensure compliance.
upvoted 0 times
...
Launa
2 months ago
I think it's important for organizations to constantly evaluate and improve their internal controls.
upvoted 0 times
...
Lashanda
2 months ago
Yes, internal control systems are crucial for preventing and detecting errors.
upvoted 0 times
...
Ligia
2 months ago
I agree, those limitations are definitely related to internal control systems.
upvoted 0 times
...
Jose
2 months ago
D) Compliance Control
upvoted 0 times
...
Ruthann
3 months ago
C) Risk Management
upvoted 0 times
...
Gerald
3 months ago
B) Internal Control System
upvoted 0 times
...
Jina
3 months ago
A) Reasonable Assurance
upvoted 0 times
...
...
Melissa
3 months ago
I agree with Lavonna, faulty human judgments can be a limitation of internal control.
upvoted 0 times
...
Lavonna
4 months ago
I think the answer is B) Internal Control System.
upvoted 0 times
...

Save Cancel