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Exam CISA topic 1 question 249 discussion

Actual exam question from Isaca's CISA
Question #: 249
Topic #: 1
[All CISA Questions]

Which of the following MUST be completed as part of the annual audit planning process?

  • A. Fieldwork
  • B. Risk control matrix
  • C. Risk assessment
  • D. Business impact analysis (BIA)
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️

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MunaM
Highly Voted 2 years, 2 months ago
Answer should be C
upvoted 12 times
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Davibless
Most Recent 4 months ago
Selected Answer: C
Risk assessment step involves identifying and evaluating risks to the organization's assets and operations. It helps auditors prioritize audit activities based on the level of risk, ensuring that resources are allocated to areas of greatest concern. This is fundamental to developing a risk-based audit plan that addresses the most significant risks to the organization. D. Business Impact Analysis (BIA): This is part of business continuity planning and not specifically a requirement for annual audit planning. It assesses the impact of disruptions on business operations, which is different from the risk assessment used for audit planning.
upvoted 1 times
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46080f2
5 months, 3 weeks ago
Selected Answer: C
C. Risk Assessment is correct from my point of view. I understand Business impact analysis as part of Risk Assessment when needed. Also as of now the AI Chatbots GhatGPT, Google's Gemini as well as Microsoft's Copilot indicate C. as the correct answer.
upvoted 3 times
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007Georgeo
1 year, 6 months ago
Selected Answer: C
The answer is C. Risk assessment.
upvoted 1 times
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swmasinde
1 year, 8 months ago
Risk assessment
upvoted 2 times
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MichaelHoang
1 year, 10 months ago
Selected Answer: C
The correct answer is C. BIA is a must in BCP Planning, not Audit Planning. Risk assessment is a must in Audit Planning.
upvoted 4 times
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PrinceAy
2 years ago
Selected Answer: C
Option C is it...
upvoted 2 times
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Deeplaxmi
2 years, 2 months ago
Option C could be correct. Risk Assessment
upvoted 2 times
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