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IIA Exam IIA-CIA-Part1 Topic 2 Question 62 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam
Question #: 62
Topic #: 2
[All IIA-CIA-Part1 Questions]

Which of the following is a legitimate role for the internal audit activity in the organization's risk management process'?

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Suggested Answer: D

by Eve at Sep 12, 2024, 10:57 PM

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Nu
3 months ago
I'm getting a headache just reading these options. Maybe the exam writers should consider a risk management workshop instead of multiple-choice questions.
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Herman
1 months ago
D) Setting the risk appetite of the organization
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Christa
2 months ago
B) Creating and implementing new risk management processes
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Oretha
2 months ago
A) Championing the establishment of a risk management framework
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Alease
3 months ago
Option D is a bit of a stretch. Determining the risk appetite is a strategic decision that should involve the board and senior management, not just the internal audit function.
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Nan
1 months ago
Option D is a bit of a stretch. Determining the risk appetite is a strategic decision that should involve the board and senior management, not just the internal audit function.
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Sean
2 months ago
B) Creating and implementing new risk management processes
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Johnna
2 months ago
A) Championing the establishment of a risk management framework
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Hortencia
3 months ago
Option C is definitely not correct. Risk management should be a collaborative effort across the organization, not the sole responsibility of the internal audit team.
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Kate
2 months ago
I agree, risk management should involve everyone in the organization.
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Domitila
3 months ago
D) Setting the risk appetite of the organization
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Marta
3 months ago
B) Creating and implementing new risk management processes
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Edda
3 months ago
A) Championing the establishment of a risk management framework
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Rolland
3 months ago
I think Option B is a bit too far-reaching for the internal audit activity. They should provide input, but not create and implement the processes themselves.
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Lashanda
3 months ago
I believe maintaining sole responsibility for risk management within the organization is not the role of internal audit.
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Angella
3 months ago
Option A seems reasonable, as the internal audit activity can provide guidance and advice on the risk management framework, but shouldn't be solely responsible for it.
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Wendell
2 months ago
I agree, they can play a role in developing new processes to manage risks effectively.
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Cyril
2 months ago
B) Creating and implementing new risk management processes
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Maxima
2 months ago
That makes sense, the internal audit can definitely help set up the framework.
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Justine
3 months ago
A) Championing the establishment of a risk management framework
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Leslee
3 months ago
I agree with Portia. It's important for internal audit to provide guidance on risk management.
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Portia
4 months ago
I think the internal audit activity should champion the establishment of a risk management framework.
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