Why is the concept of residual risk important?
Answer(s): D
A major difference between enterprise risk management and traditional risk management lies in the narrow focus of traditional risk management onI). Property and liability risks.II). Risks with insurance solutions.III). Risks impacting organizational objectives.
Answer(s): A
When an external auditor unknowingly fails to modify an opinion on financial statements that are materially misstated, this is an example of
Answer(s): C
In the annual audit of the financial statements of a company with high inherent risk and a very strong control system, the external auditor may be able to allow detection risk to rise because
Answer(s): B
Post your Comments and Discuss IIA CIA exam with other Community members:
jalal ali Commented on February 25, 2025 What factors should be considered when evaluating the independence of the internal audit activity by a peer review team? Anonymous
Joseph Zormelo Commented on January 12, 2025 Q21 is A. To maximize value, an enterprise-wide risk assessment should focus on enterprise-level risks, as these pose the greatest threat or opportunity to the organization's overall success. Anonymous
koussenoudo roger Commented on January 10, 2025 très bonne plateforme Anonymous
MAX Commented on December 21, 2024 Q114 Should be D Anonymous
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