Exam IIA-IAP Topic 1 Question 43 Discussion

Actual exam question for IIA's IIA-IAP exam
Question #: 43
Topic #: 1
Management has decided that transactions less than $50 no longer require authorization. Which of the following risk management strategies does this represent?

Suggested Answer: B Vote an answer

Comprehensive and Detailed Step-by-Step Explanation:
* Risk Acceptance: By deciding that transactions below $50 do not require authorization, management is consciously accepting the low-level risk associated with this decision to streamline processes and reduce administrative burdens.

by Mamie at Feb 25, 2025, 08:01 AM

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