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IIA Exam IIA-CFSA Topic 2 Question 60 Discussion

Actual exam question for IIA's IIA-CFSA exam
Question #: 60
Topic #: 2
[All IIA-CFSA Questions]

Risks inherent in the management process are known as:

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Suggested Answer: D

by Chantell at Sep 09, 2024, 06:48 PM

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Dylan
2 months ago
I'm going with C) Control risks, just because it sounds the most like it's describing the actual management process. Plus, 'control' is a key word in management, so it's gotta be that one.
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Lavelle
2 months ago
B) Long-term risks, for sure. That's what keeps the managers up at night, right? The risks that might not show up for years down the line.
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Jade
1 months ago
B) Long-term risks can definitely be a major concern for managers, as they may not manifest until far into the future.
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Daren
1 months ago
C) Control risks are crucial for ensuring that the management process runs smoothly.
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Jerilyn
2 months ago
A) Residual risks are also important to consider in the management process.
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Cherri
2 months ago
Easy peasy, it's A) Residual risks. You know, the risks that are left over after all the other risks have been managed? Classic management stuff.
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Solange
3 months ago
Hmm, I'm not sure. They all sound kind of similar, but I guess I'll go with D) Strategic risks. Doesn't that sound like the big-picture risks that management has to deal with?
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Fredric
1 months ago
User 3: I agree with Fredric, I think it's C) Control risks as well.
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Rickie
1 months ago
User 2: I see your point, but I think it's C) Control risks. Those are the risks related to the effectiveness of internal controls.
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Lettie
1 months ago
User 1: I think it's A) Residual risks. Those are the risks that remain after controls are put in place.
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Laurena
3 months ago
That makes sense, residual risks are definitely a concern in the management process.
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Herminia
3 months ago
I think the answer is C) Control risks. That's the one that sounds most like it's describing the risks inherent in the management process.
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Claribel
3 months ago
Actually, the correct answer is A) Residual risks. Residual risks are the risks that remain after controls have been put in place to mitigate them.
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Aliza
3 months ago
I think the answer is C) Control risks. That's the one that sounds most like it's describing the risks inherent in the management process.
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Leatha
3 months ago
I disagree, I believe they are residual risks because they remain after controls are implemented.
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Laurena
3 months ago
I think the risks inherent in the management process are called control risks.
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