Unit 1.1

Question 1

IA must evaluate and contribute to the improvement of the organization’s

Answer 1

Governance
Risk Management
Control (Control Processes)

Question 2

Governance

Answer 2

The combination of processes and structures implemented by the board to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives.

Question 3

Risk management

Answer 3

A process to identify, assess, manage, and control potential events or situations to provide reasonable assurance regarding the achievement of the organization’s objectives

Question 4

Control

Answer 4

Any action taken by management, the board, and other parties to manage risk and increase the likelihood that established objectives and goals will be achieved. Management plans, organizes, and directs the performance of sufficient actions to provide reasonable assurance that objectives and goals will be achieved

Question 5

Control processes

Answer 5

The policies, procedures (both manual and automated), and activities that are part of a control framework, designed and operated to ensure that risks are contained within the level that an organization is willing to accept

Question 6

Efficient

Answer 6

accurate, timely, and economical fashion

Question 7

Reasonable assurance is provided if

Answer 7

the most cost-effective measures are taken in the design and implementation of controls to reduce risks and restrict expected deviations to a tolerable level

Question 8

Princípios do modelo de 3 linhas

Answer 8

Governança
Governing Body roles
First and second line roles
Third line roles
Third Line independence
Creating and protecting value