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

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Sena

2 months ago

Haha, I bet the treasury dealers are really hoping for 'soft controls' on this one. Wouldn't want their fun to be spoiled!

upvoted 0 times

Leslie

23 days ago

C) Soft controls.

upvoted 0 times

...

Elenor

25 days ago

B) Detective controls.

upvoted 0 times

...

Kathryn

1 months ago

A) Preventive controls.

upvoted 0 times

...

Cyndy

3 months ago

I'm not sure, but I think it could also be D) Directive controls, as it guides the actions of the supervisors.

upvoted 0 times

...

Cordelia

3 months ago

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

upvoted 0 times

...

Kristeen

3 months ago

I think the answer is A) Preventive controls.

upvoted 0 times

...

Letha

3 months ago

I'm not sure, but I think it could also be D) Directive controls, as it guides supervisors on how to approve transactions.

upvoted 0 times

...

Trina

3 months ago

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

upvoted 0 times

...

Kathrine

3 months ago

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

upvoted 0 times

Jennifer

3 months ago

Yes, it's all about detecting and preventing unauthorized transactions.

upvoted 0 times

...

Reita

3 months ago

I agree, it definitely seems like a detective control.

upvoted 0 times

...

Annmarie

3 months ago

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

upvoted 0 times

...

Magda

3 months ago

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

upvoted 0 times

Mila

2 months ago

Either way, it's important for ensuring compliance with authorized limits.

upvoted 0 times

...

Jolene

2 months ago

I see your point, it does have elements of both preventive and directive controls.

upvoted 0 times

...

Nieves

2 months ago

But couldn't it also be considered a directive control since it involves approval from a supervisor?

upvoted 0 times

...

Reta

2 months ago

I agree, it definitely sounds like a preventive control.

upvoted 0 times

...

Latanya

4 months ago

I think the answer is A) Preventive controls.

upvoted 0 times

...