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Question 750 - IIA-CIA-Part1 discussion

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According to IIA guidance, which of the following activities are considered a core internal audit role with regard to enterprise risk management?

Reviewing the management of key risks.

Evaluating the reporting of key risks.

Evaluating risk management processes.

Consolidating the reporting of risks.

A.

1 and 4.

Answers
A.

1 and 4.

B.

2 and 4.

Answers
B.

2 and 4.

C.

2, 3, and 4.

Answers
C.

2, 3, and 4.

D.

1, 2, and 3.

Answers
D.

1, 2, and 3.

Suggested answer: D

Explanation:

Core internal audit roles include reviewing management's handling of key risks, evaluating risk reporting, and assessing risk management processes. These align with the IIA's framework for enterprise risk management to support organizations in identifying and managing risks effectively.

asked 03/11/2024
David Hill
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