IIA Exam IIA-CIA-Part1 Topic 3 Question 23 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 23
Topic #: 3

An internal auditor completed an audit of a bank's loan department and found all significant risks to be managed adequately through effective internal controls. Which of the following would be an appropriate conclusion to report to management?

AThe residual risk is lower than or equal to the risk appetite.

BThe residual risk is higher than or equal to the risk appetite.

CThe inherent risk is lower than or equal to the risk tolerance.

DThe inherent risk is higher than or equal to the risk tolerance.

Show Suggested Answer

Suggested Answer: A

by Daron at May 09, 2022, 04:49 PM

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