Multiple Choice
The process of risk assessment would include all of the following actions, except:
A) Identify sources of risk, both internal and external
B) Determine the impacts of identified risks
C) Develop and execute an action plan to reduce the impact and probability of identified risks
D) Report the risks to the audit committee
Correct Answer:

Verified
Correct Answer:
Verified
Q88: Independent checks on the performance of others
Q89: Segregation of duties is a fundamental concept
Q90: Establishing and maintaining a culture where ethical
Q91: According to the COSO report, there are
Q92: Which of the following is not an
Q93: The category of control activities referred to
Q95: Which is not one of the three
Q96: The ongoing review and evaluation of a
Q97: The theft of any item of value
Q98: Which of the following is generally an