Legit IIA-CIA-Part1 Exam Download

Risk avoidance

Risk reduction

Risk acceptance

Risk sharing

The auditor should consider local cultures and customs in various regions when assessing control effectiveness.

Regardless of their location, employees at all levels share responsibility for designing effective controls to mitigate risks.

To achieve an effective internal control environment, the organization's risk management plan must be documented and communicated to all levels throughout each region.

Setting clear objectives is a precondition to effectively identifying, assessing, and responding to the organization's risks.

An organizational locus on improving the overall environment, even it is to the detriment of the local community.

A philosophy driven by employees that flows up to senior management and the board of directors.

An overall commitment of the organization to improve the quality of life for not only the employees but the community at large.

A policy of ensuring that the organization is socially responsible, even if it leads to unprofitability due to increased costs.

Knowledge’s kills gap

Monitoring gap

Accountability/reward failure

Communication failure