IIA Exam IIA-CFSA Topic 8 Question 47 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 47
Topic #: 8

[All IIA-CFSA Questions]

Following statements define risk EXCEPT:

AOrganization has knowledge of facts constituting a dangerous condition

BOrganization voluntarily exposes itself to the danger

CThe element of assurance in an undertaking

DMeasured in terms of impact and likelihood

Show Suggested Answer

Suggested Answer: D

by Helaine at Mar 19, 2024, 04:46 PM

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10 hours ago

A is a bit too obvious, isn't it? I mean, everyone knows that risk involves a dangerous condition.

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2 days ago

D seems like the right answer. Risk is measured in terms of impact and likelihood.

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4 days ago

But C makes sense because assurance is not related to risk.

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7 days ago

I disagree, I believe the answer is D.

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10 days ago

I think the correct answer is C. The element of assurance in an undertaking is not a definition of risk.

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14 days ago

I think the answer is C.

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