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Exam IIA-CIA-Part2 topic 5 question 296 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 296
Topic #: 5
[All IIA-CIA-Part2 Questions]

organization's processes, developed a scale to assess each risk, and allocated the relative importance of each risk. Which of the following approaches did the auditor take?

  • A. Top-down approach.
  • B. Process-matrix approach.
  • C. Risk-factor approach.
  • D. Bottom-up approach.
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Suggested Answer: B 🗳️

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emtofid
5 months, 3 weeks ago
Selected Answer: C
Risk factor approach This method involves identifying and evaluating risks based on their factors and significance, which helps in prioritizing and managing them effectively within the audit plan.
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