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Exam IIA-CIA-Part1 topic 3 question 53 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 53
Topic #: 3
[All IIA-CIA-Part1 Questions]

Which of the following statements is correct with regard to risk management?

  • A. The board's responsibility for risk management cannot be assigned to a board committee, such as a board risk committee.
  • B. The chief audit executive is accountable to the board for designing, implementing and monitoring the risk management process.
  • C. The total process of risk management, which includes a related system of internal control, is the responsibility of the board.
  • D. The finance director is responsible for the overall implementation of the risk management process.
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Suggested Answer: C 🗳️
by mkanchwala at Sept. 2, 2021, 10:48 a.m.

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mkanchwala
4 months, 2 weeks ago
Shouldn't SM be responsible instead of board?
upvoted 1 times
LauraDixie
2 months, 3 weeks ago
It's both technically
upvoted 1 times
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