IIA Exam IIA-CFSA Topic 7 Question 43 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 43
Topic #: 7

[All IIA-CFSA Questions]

The risk analysis process involves all of the following steps EXCEPT:

AIdentifying auditable activities (e.g. programs, accounts, contracts, transactions)

BIdentifying relevant risk factors (e.g. Complexity of programs, size of program, adequacy of internal control system)

CPrioritizing Risks

DDetermine the need for external assistance of outsourcing

Show Suggested Answer

Suggested Answer: D

by Venita at Dec 24, 2023, 08:41 AM

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Raina

8 days ago

Haha, I bet the person who wrote this question is trying to trip us up. Good thing I studied hard for this exam!

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Lemuel

10 days ago

I'm not sure, but I think C) Prioritizing Risks could also be the correct answer.

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Eleonora

11 days ago

Ah, I see! The correct answer is D, determining the need for external assistance or outsourcing. That's an important step that's often overlooked.

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Merissa

12 days ago

I agree with Chauncey, because the risk analysis process does not involve outsourcing.

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Chauncey

13 days ago

I think the answer is D) Determine the need for external assistance of outsourcing.

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Kris

14 days ago

Hmm, I thought the risk analysis process involved identifying risks, not auditable activities. This is a tricky one!

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Phil

17 days ago

I'm not sure, but I think C could also be a possible answer. Prioritizing risks is a crucial step in the risk analysis process.

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Myra

20 days ago

I agree with Shala, D seems like the odd one out. The other options are all part of the risk analysis process.

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Shala

25 days ago

I think the answer is D because the risk analysis process doesn't involve outsourcing.

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