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Exam IIA-CIA-Part1 topic 1 question 22 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 22
Topic #: 1
[All IIA-CIA-Part1 Questions]

Which of the following best describes the underlying premise of the COSO enterprise risk management framework?

  • A. Management should set objectives before assessing risk.
  • B. Every entity exists to provide value for its stakeholders.
  • C. Policies are established to ensure that risk responses are performed effectively.
  • D. Enterprise risk management can minimize the impact and likelihood of unanticipated events.
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Suggested Answer: B 🗳️
by 021070e at April 27, 2024, 9:27 a.m.

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Elvoo
2 months, 2 weeks ago
Why not D?
upvoted 1 times
Shekhor
1 month, 4 weeks ago
Enterprise risk management can minimize the impact and likelihood of unanticipated events, describes one of the benefits of the COSO ERM framework, it does not capture the core underlying premise of the framework. The primary premise of COSO ERM is broader and focuses on value creation and preservation for stakeholders, as stated in option B.
upvoted 1 times
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021070e
2 months, 3 weeks ago
why B ???
upvoted 1 times
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