IIA Exam IIA-CIA-Part1 Topic 2 Question 45 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 45
Topic #: 2

An internal auditor assessed that the risk of steel theft at a plant is high. In response, the plant's management introduced a number of controls, including fences around the facility, a metal detector at the entrance, and monthly steel inventory counts. If the controls operate as intended, which of the following outcomes would the internal auditor hope to see?

AThe inherent risk will be mitigated to a level lower than the residual risk.

BThe inherent risk will be reduced to an acceptable level.

CThe residual risk will be reduced to an acceptable level.

DThe residual risk will be eliminated

Show Suggested Answer

Suggested Answer: C

by Brandon at Mar 08, 2024, 04:56 AM

Limited Time Offer

25%

Off

Get Premium IIA-CIA-Part1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Beatriz

10 days ago

Option A? Mitigating the inherent risk to lower than the residual risk? Sounds like a job for the Incredible Hulk or maybe a physics-defying superhero.

upvoted 0 times

...

Ollie

13 days ago

Option D, really? Eliminating residual risk? That's as likely as a steel plant having a moat and alligators to keep the thieves out.

upvoted 0 times

...

Dierdre

14 days ago

I'm going to have to go with Option B. The controls should bring the inherent risk down to an acceptable level. Anything less wouldn't be good enough.

upvoted 0 times

...

1 months ago

I think the internal auditor would hope to see the residual risk reduced to an acceptable level.

upvoted 0 times

...