IIA-CIA-PART2 Question #125: Real Exam Question with Answer & Explanation

The correct answer is B. The risk management process supports internal audit by evaluating whether critical controls are. The statement that the risk management process supports internal audit by evaluating whether critical controls are adequate and effective is true. The risk management process provides a framework for identifying, assessing, and managing risks, and internal audit uses this informa

Question

Which of the following statements regarding the risk management process' support of the internal audit activity is true?

Options

AThe risk management process can provide more extensive internal audit services to the
BThe risk management process supports internal audit by evaluating whether critical controls are
CThe risk management process can determine whether all significant risks have been identified and
DThe risk management process establishes an organization-specific documented risk management

Explanation

The statement that the risk management process supports internal audit by evaluating whether critical controls are adequate and effective is true. The risk management process provides a framework for identifying, assessing, and managing risks, and internal audit uses this information to evaluate the adequacy and effectiveness of controls in place to mitigate those risks. This support helps internal audit focus on areas of high risk and ensure that controls are functioning as

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