IIA Exam IIA-CIA-Part1 Topic 8 Question 56 Discussion

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

Question #: 56
Topic #: 8

Which of the following best describes the role of internal control frameworks?

AThey outline specific internal controls for an organization to implement to ensure business objectives will be achieved.

BThey provide guidance related to internal control design and implementation to assist with the evaluation and benchmarking of business practices.

CThey serve as a list of appropriate internal controls for auditors to ensure an organization is using best practices.

DThey serve as a template for identifying standardized best practices in effective risk management across industries and countries.

Show Suggested Answer

Suggested Answer: B

by Viola at Jul 17, 2024, 03:35 PM

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Glory

4 months ago

You got that right, Micheal! I'm more of a 'break the rules and ask for forgiveness later' kind of person. But I guess organizations need some structure around internal controls.

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Kendra

3 months ago

D) They serve as a template for identifying standardized best practices in effective risk management across industries and countries.

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Una

3 months ago

You got that right, Micheal! I'm more of a 'break the rules and ask for forgiveness later' kind of person. But I guess organizations need some structure around internal controls.

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Melynda

3 months ago

B) They provide guidance related to internal control design and implementation to assist with the evaluation and benchmarking of business practices.

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Merlyn

4 months ago

A) They outline specific internal controls for an organization to implement to ensure business objectives will be achieved.

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Michel

4 months ago

I believe D is the correct answer, it makes more sense to me.

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Micheal

5 months ago

Ha! I'll just say I'm glad I don't have to implement these frameworks. Sounds like a real headache for the compliance team.

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Cherelle

5 months ago

I'm torn between B and D. While B focuses on the design and evaluation aspects, D suggests they can also help identify industry-wide best practices. Maybe a combination of the two would be ideal.

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Willie

5 months ago

I agree, B is the best answer. Internal control frameworks are meant to help organizations implement effective controls, not just serve as a checklist for auditors.

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Pok

5 months ago

I'm not sure, but I think it might be B.

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Option B seems the most comprehensive in describing the role of internal control frameworks. They provide guidance for designing and evaluating internal controls, rather than just specifying controls or listing best practices.

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Chandra

4 months ago

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Genevieve

4 months ago

B) They provide guidance related to internal control design and implementation to assist with the evaluation and benchmarking of business practices.

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Paz

4 months ago

A) They outline specific internal controls for an organization to implement to ensure business objectives will be achieved.

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Daren

5 months ago

I agree with Candra, A makes sense.

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Candra

5 months ago

I think the answer is A.

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IIA Exam IIA-CIA-Part1 Topic 8 Question 56 Discussion

Contribute your Thoughts:

Glory

Kendra

Una

Melynda

Merlyn

Michel

Micheal

Cherelle

Willie

Pok

Marquetta

Chandra

Genevieve

Paz

Daren

Candra