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Question 55 - IIA-CIA-Part2 discussion

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The chief risk officer (CRO) of a large manufacturing organization decided to facilitate a workshop for process managers and staff to identify opportunities for improving productivity and reducing defects. Which of the following is the most likely reason the CRO chose the workshop approach?

A.
It minimizes the amount of time spent and cost incurred to gather the necessary information.
Answers
A.
It minimizes the amount of time spent and cost incurred to gather the necessary information.
B.
Responses can be confidential, thus encouraging participants to be candid expressing their concerns.
Answers
B.
Responses can be confidential, thus encouraging participants to be candid expressing their concerns.
C.
Workshops do not require extensive facilitation skills and are therefore ideal for nonauditors.
Answers
C.
Workshops do not require extensive facilitation skills and are therefore ideal for nonauditors.
D.
Workshop participants have an opportunity to learn while contributing ideas toward the objectives.
Answers
D.
Workshop participants have an opportunity to learn while contributing ideas toward the objectives.
Suggested answer: D

Explanation:

The most likely reason the chief risk officer (CRO) chose the workshop approach is that it allows workshop participants to learn while contributing ideas toward the objectives. Workshops facilitate an interactive and collaborative environment where participants can share their insights and experiences. This approach helps in generating innovative solutions and fosters a sense of ownership among participants. It also enables participants to gain a better understanding of the issues at hand and the potential improvements that can be made.

Reference: IIA Practice Guide -- Facilitation and Collaboration Techniques, COSO Framework on Risk Management

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asked 18/09/2024
Yan Nguyen
32 questions
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