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Exam IIA-CIA-Part2 topic 4 question 43 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 43
Topic #: 4
[All IIA-CIA-Part2 Questions]

Which of the following is correct with respect to roles within an enterprise-wide risk management process?
1. The board provides oversight to the risk management process.
2. Executive management owns the risk management framework.
3. Senior management is assigned ownership of risks.
4. Internal audit modifies the risk assessment determined by management.

  • A. 1 and 2 only
  • B. 3 and 4 only
  • C. 1, 2, and 3 only
  • D. 1, 2, 3, and 4
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Suggested Answer: C 🗳️

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Chosen Answer:
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emtofid
2 months ago
Selected Answer: C
in an ERM framework, it’s common for both senior and operational management to have roles in risk ownership.
upvoted 1 times
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KonradK
3 years, 5 months ago
C is incorrect as SM are not risk owners. I think A is the correct answer.
upvoted 1 times
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herdintche
3 years, 6 months ago
Risklerin sahibi olan, üst yönetim midir yönetim midir?
upvoted 1 times
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Tico
3 years, 10 months ago
Why not A? "ownership of risks" means a risk owner, doesn't it? If so, senior management is not a risk owner.
upvoted 1 times
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