IIA Exam IIA-CGAP Topic 10 Question 80 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 80
Topic #: 10

Management must continually _________and develop clearly defined control objectives. The ________are the policies and procedures that help ensure that management's objectives are followed.

Aassess diversification risk, planning activities

Bassess price risk, organizing activities

Cassess business risk, Control activities

Dassess credit risk, planning activities

Show Suggested Answer

Suggested Answer: C

by Melita at Jun 20, 2024, 12:45 PM

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Salina

3 months ago

You better get this right, or you'll be assessing the risk of failing this exam!

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Jade

1 months ago

I think it's C) assess business risk, Control activities

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Abraham

2 months ago

C) assess business risk, Control activities

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Dick

2 months ago

A) assess diversification risk, planning activities

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Jackie

3 months ago

C is the answer, no doubt. Although I'm always a bit worried about the 'control activities' part. I prefer to be in control, not the other way around!

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Mable

28 days ago

Exactly, it's important for management to continually assess business risk and adapt control activities accordingly.

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Jordan

1 months ago

True, it's all about finding the right balance between control and flexibility.

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Dana

2 months ago

But control activities are necessary to ensure management's objectives are followed.

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Leatha

2 months ago

I agree, C is the answer. Control activities can sometimes feel restrictive.

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Theodora

3 months ago

Hmm, I'm not sure. I was never good at these risk assessment questions. Maybe I should have paid more attention in class.

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Ashley

3 months ago

D seems like the best choice to me. Assessing credit risk and planning activities are crucial for management.

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Sheron

3 months ago

I think C is the correct answer. Management must continually assess business risk and have control activities in place to ensure their objectives are followed.

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