Q: 9
Management is developing and implementing a risk and control framework for use throughout the
organization. Which of the following elements should be included in the organization's control
framework?
1.
Appropriate levels of authority and responsibility.
2.
Supervision of staff and appropriate review of work.
3.
The seniority of management in the organization.
4.
The ability to trace each transaction to an accountable and responsible individual.
Options
Discussion
Anyone see the IIA official guide talk about seniority as a control element? Practice exams usually highlight accountability and review, not rank. Just seems like D matches better with typical framework descriptions in study resources.
C/D? Seeing both come up in exam reports, but official IIA guides put a lot of weight on accountability and traceability over just listing management seniority in frameworks. Personally, I'd stick with D based on practice questions from the official study materials. Anybody using IIA's sample exams see this phrased differently?
Why would "seniority of management" matter in the control framework? Isn't it more about clear accountability and making sure processes are supervised than just rank? Curious why some pick C over D.
I don’t think B is right here, it misses the traceability part. D.
I don’t think D is right. B.
D or B. But D covers traceability and accountability better, which are key for an effective control framework. Not 100% since "seniority" is a bit odd here but pretty sure D fits best.
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