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Exam IIA-CIA-Part3 topic 1 question 177 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 177
Topic #: 1
[All IIA-CIA-Part3 Questions]

When assessing the adequacy of a risk mitigation strategy, an internal auditor should consider which of the following?
1. Managements tolerance for specific risks.
2. The cost versus benefit of implementing a control.
3. Whether a control can mitigate multiple risks.
4. The ability to test the effectiveness of the control.

  • A. 1, 2, and 3
  • B. 1, 2, and 4
  • C. 1, 3, and 4
  • D. 2, 3, and 4
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
by NDOndo at June 21, 2020, 12:29 p.m.

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emtofid
1 month, 2 weeks ago
Selected Answer: B
While controls that address multiple risks are efficient, the primary focus should be on whether the control effectively mitigates the specific risks identified.
upvoted 1 times
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Shars
1 year, 4 months ago
My exact thoughts NDOndo
upvoted 1 times
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NDOndo
1 year, 8 months ago
Isn't cost-benefit not a consideration?
upvoted 2 times
koziolmutant
1 year, 2 months ago
regarding compliance, it is not the case, controls must exist regardless of cost-benefit balance
upvoted 4 times
Hashi1_snr
6 months, 3 weeks ago
Correct. Compliance can be mandatory and/or voluntary, but that has nothing to do with cost.
upvoted 1 times
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sdfgdfg345
1 year, 3 months ago
Cost-benefit - for me also the right option for the answer.
upvoted 1 times
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Roopz
1 year, 7 months ago
Perhaps it's for management to ascertain that?
upvoted 2 times
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