IIA Exam IIA-CRMA Topic 6 Question 84 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 84
Topic #: 6

[All IIA-CRMA Questions]

Which of the following are components of the COSO enterprise risk management framework?

1. Objective setting.

2. External environment.

3. Data collection.

4. Control activities.

A1 and 3 only

B1 and 4 only

C2 and 3 only

D2 and 4 only

Show Suggested Answer

Suggested Answer: B

by Garry at Aug 07, 2024, 03:25 AM

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Judy

2 months ago

Data collection? Really? Next thing you know, they'll be asking about 'coffee breaks' as a COSO component.

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Pearly

2 months ago

Ah, I knew it! Objective setting and control activities - the classic COSO combo. Now I can finally get that certification.

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Gilma

29 days ago

Temeka: Now that we know the right components, we can ace that certification exam.

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Temeka

1 months ago

User 2: Definitely, those are the ones that stand out in the COSO framework.

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Tran

2 months ago

User 1: I agree, objective setting and control activities are key components.

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Elvis

3 months ago

Data collection? That doesn't sound right. Maybe they're trying to trick us with that one.

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Adela

2 months ago

Let's go with A) 1 and 3 only then.

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Emily

2 months ago

Yeah, I'm going with A) 1 and 3 only as well.

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Yuki

3 months ago

I agree, data collection doesn't seem like a component of the COSO framework.

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Charlena

3 months ago

I think it's A) 1 and 3 only.

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Precious

3 months ago

Hmm, I thought the external environment was also a key component. Guess I'll have to double-check my notes.

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Lenna

3 months ago

I'm not sure about the external environment and data collection. Are they really part of the framework?

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Nan

3 months ago

I agree with Jamal. Those are the key components for effective risk management.

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Gussie

3 months ago

I'm pretty sure the answer is B. Objective setting and control activities are definitely part of the COSO framework.

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Colby

3 months ago

I see where you're coming from, but I still think B is the best choice based on the options given.

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Theodora

3 months ago

I'm not so sure, I think it might be A. Objective setting and data collection seem like they would be part of it.

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Kanisha

3 months ago

I agree, those are definitely important aspects of the COSO framework.

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Shenika

3 months ago

I think you're right, B sounds correct. Objective setting and control activities are key components.

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Jamal

4 months ago

I think the components of the COSO framework are objective setting and control activities.

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