IIA Exam IIA-CIA-Part2 Topic 9 Question 101 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam

Question #: 101
Topic #: 9

Which of the following is most likely to be judged as a significant residual risk that would exceed the organization's acceptable risk level?

AAny risk involving organizational expansion into a new geographical area with an unstable political environment.

BAny risk involving investments into bitcoin and suspicious derivatives

CAny risk that can cause material or financial loss

DAny risk that could cause injuries or pollute the environment

Show Suggested Answer

Suggested Answer: D

A significant residual risk that would exceed the organization's acceptable risk level is likely to be one that has severe consequences, such as causing injuries or environmental pollution. These types of risks can have substantial legal, financial, and reputational impacts on an organization and are typically beyond acceptable levels of risk tolerance. Reference:

COSO's Enterprise Risk Management -- Integrating with Strategy and Performance.

The IIA's Practice Guide on Risk Management.

by Tyra at Apr 29, 2025, 05:29 AM

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