IIA-CIA-PART2 · Question #446
Which of the following statements is true regarding risk assessments, including the evaluation and prioritization of risk and control factors?
The correct answer is A. A risk-by-process matrix enables the user to determine associations between any of the processes. A risk-by-process matrix is a tool that allows users to identify and analyze the associations between various business processes and the risks that affect them. This matrix helps in understanding how risks are distributed across different processes and can be instrumental in…
Question
Which of the following statements is true regarding risk assessments, including the evaluation and prioritization of risk and control factors?
Options
- AA risk-by-process matrix enables the user to determine associations between any of the processes
- BThe risk-factor approach for linking business processes and risks is more direct than the use of a
- CInternal risk factors are built into the environment and the nature of the process itself.
- DA risk map is used primarily to depict which risks will be reduced and which will be shared.
How the community answered
(34 responses)- A76% (26)
- B15% (5)
- C6% (2)
- D3% (1)
Explanation
A risk-by-process matrix is a tool that allows users to identify and analyze the associations between various business processes and the risks that affect them. This matrix helps in understanding how risks are distributed across different processes and can be instrumental in prioritizing audit activities based on risk.
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