IIA Exam IIA-CRMA Topic 1 Question 76 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 76
Topic #: 1

An organization has implemented a software system that requires a supervisor to approve transactions that would cause treasury dealers to exceed their authorized limit. This is an example of which of the following types of controls?

APreventive controls.

BDetective controls.

CSoft controls.

DDirective controls.

Show Suggested Answer

Suggested Answer: B

by Jess at Apr 28, 2024, 01:41 AM

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Trina

2 days ago

I agree with Latanya, because it helps prevent unauthorized transactions.

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Kathrine

3 days ago

This sounds like a classic example of a detective control to me. It's catching transactions that exceed the limit and requiring approval.

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Annmarie

6 days ago

I'm not sure about this one. Maybe it's a directive control since it's directing the supervisors to approve certain transactions?

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Magda

8 days ago

Hmm, I think this is a preventive control since it's designed to stop unauthorized transactions from happening in the first place.

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Latanya

16 days ago

I think the answer is A) Preventive controls.

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