Nest 0 Cart
Nest Account
Popular Exams
All Categories...
Nest
Nest 0
Contact
Log In / Sign Up
Copyright 2024 © store. All rights reserved.
Home IIA IIA-CFSA

IIA IIA-CFSA Exam Practice Questions (P. 3)

  • Full Access (509 questions)
  • Six months of Premium Access
  • Access to one million comments
  • Seamless ChatGPT Integration
  • Ability to download PDF files
  • Anki Flashcard files for revision
  • No Captcha & No AdSense
  • Advanced Exam Configuration
Get Contributor Access
Question #21
Following statements define risk EXCEPT:
  1. A
    Organization has knowledge of facts constituting a dangerous condition
  2. B
    Organization voluntarily exposes itself to the danger
  3. C
    The element of assurance in an undertaking
  4. D
    Measured in terms of impact and likelihood

Correct Answer:
C

Question #22
Strategic planning is the process of taking a long-term view of the organization, the longer the view, the greater the uncertainty of risks and opportunities. Such reservations can better be handled by:
  1. A
    Timely decisions
  2. B
    Flexible/ Adaptive plans and processes
  3. C
    Periodic risk assessments
  4. D
    Focusing on current period organizational activity

Correct Answer:
B

Question #23
High-risk scores are those with an average of scores:
  1. A
    3.75 or more
  2. B
    3.25 or more
  3. C
    4.25 or more
  4. D
    4.00 or more

Correct Answer:
C

Question #24
Low-risk scores are those with an average of scores:
  1. A
    2.25 or less
  2. B
    2.75 or less
  3. C
    2.00 or less
  4. D
    3.25 or less

Correct Answer:
A

Question #25
Risks inherent in the management process are known as:
  1. A
    Residual risks
  2. B
    Long-term risks
  3. C
    Control risks
  4. D
    Strategic risks

Correct Answer:
C

Question #26
Both residual and control risk need to be_______________ dealt with in project management.
  1. A
    Timely
  2. B
    Implicitly
  3. C
    Professionally
  4. D
    Explicitly

Correct Answer:
D

Question #27
"Ongoing monitoring activities are conducted to periodically reassess risk and the effectiveness of control risk," is an objective of:
  1. A
    Risk Identification
  2. B
    Risk Measurement
  3. C
    Risk Management Process
  4. D
    Risk Prioritization

Correct Answer:
C

Question #28
Faulty human judgments, misunderstanding of instructions, errors, management override, and collusion and cost/benefit considerations are the limitations of:
  1. A
    Reasonable Assurance
  2. B
    Internal Control System
  3. C
    Risk Management
  4. D
    Compliance Control

Correct Answer:
B

Question #29
Five internal control components are:
  1. A
    Control environment, Risk assessment, Control activities, Information and communication & Monitoring
  2. B
    Control environment, Risk assessment, and Operational control, Information and communication & Monitoring
  3. C
    Control environment, Risk Prioritization, Control activities, Information and communication & Monitoring
  4. D
    Control environment, Risk Prioritization, Control activities, Information and communication & Monitoring

Correct Answer:
A

Question #30
Enterprise risk management encompasses all EXCEPT:
  1. A
    Aligning risk appetite and strategy
  2. B
    Enhancing risk responsibilities and decisions
  3. C
    Increasing Operational Surprises
  4. D
    Seizing Opportunities

Correct Answer:
C

Previous Questions Next Questions

All Pages