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IIA Exam IIA-ACCA Topic 10 Question 80 Discussion

Actual exam question for IIA's IIA-ACCA exam
Question #: 80
Topic #: 10
[All IIA-ACCA Questions]

Management is developing and implementing a risk and control framework for use throughout the organization. Which of the following elements should be included in the organization's control framework?

1. Appropriate levels of authority and responsibility.

2. Supervision of staff and appropriate review of work.

3. The seniority of management in the organization.

4. The ability to trace each transaction to an accountable and responsible individual.

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Suggested Answer: A

by Arleen at Jul 04, 2024, 07:53 PM

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Rosendo
2 months ago
Hmm, I feel like option B is the way to go. Appropriate authority, supervision, and traceability - that's the holy trinity of control frameworks.
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Chantell
2 months ago
I'm pretty sure 'the seniority of management' is just a fancy way of saying 'the boss gets away with anything'.
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Nobuko
2 months ago
Wait, are you telling me I can't just blame the intern for everything? This is an outrage!
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Katina
18 days ago
User 3: And don't forget the ability to trace each transaction to an accountable and responsible individual.
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Salena
23 days ago
The seniority of management in the organization plays a role in the control framework as well.
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Ty
28 days ago
Supervision of staff and appropriate review of work is also important in the control framework.
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Reyes
30 days ago
User 2: That's right. Supervision of staff and appropriate review of work is important too.
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Sharee
1 months ago
User 1: No, you can't just blame the intern. You need appropriate levels of authority and responsibility.
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Paola
2 months ago
You can't just blame the intern for everything, you need appropriate levels of authority and responsibility.
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Lettie
3 months ago
I believe the ability to trace each transaction to an accountable individual is important too.
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Boris
3 months ago
I agree with Nydia, supervision of staff and appropriate review of work is also crucial.
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Mozell
3 months ago
1, 2, and 4 seem like the obvious choices to me. Tracing transactions to responsible individuals is crucial for accountability.
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Dong
1 months ago
So, the answer would be B) 1, 2, and 4.
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Felicitas
2 months ago
Tracing transactions to responsible individuals ensures accountability.
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Queen
2 months ago
Supervision of staff and reviewing work is also important for control.
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Curtis
2 months ago
I agree, having appropriate levels of authority and responsibility is key.
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Nydia
3 months ago
I think the control framework should include appropriate levels of authority and responsibility.
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