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Exam IIA-CIA-Part1 topic 2 question 45 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 45
Topic #: 2
[All IIA-CIA-Part1 Questions]

Which of the following statements regarding organizational governance is not correct?

  • A. An effective internal audit function is one of the four cornerstones of good governance.
  • B. Those performing governance activities are accountable to the customer.
  • C. Accountability is one of the key elements of organizational governance.
  • D. Governance principles and the need for an internal audit function are applicable to governmental and not-for-profit activities.
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Suggested Answer: B 🗳️
by mkanchwala at Sept. 1, 2021, 6:32 p.m.

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Umard
4 days, 16 hours ago
Option D is correct because the statement alone (without any condition) is correct.
upvoted 1 times
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Magic_Fab
7 months, 3 weeks ago
the statement of D is correct; so since the question is which one is not correct, the reply to choose is B
upvoted 1 times
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mkanchwala
9 months, 2 weeks ago
Both b and d seem to be correct answers. Can someone explain why D is not incorrect? In my view, governance principles are also applicable to profitable organizations and not only governmental and non-profit ones. Thanks in advance.
upvoted 2 times
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