Multiple Choice
The risk analysis process involves all of the following given below EXCEPT:
A) Identify auditable activities (programs, accounts, contracts, transactions) .
B) Estimate the significance of a risk (magnitude of exposure in dollars or other type of measure, type of threat, duration)
C) Do not Estimate the likelihood that a risk will occur and do not determine how to manage the risks.
D) Estimate the likelihood that a risk will occur and prioritize risks.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: The primary purpose of financial reporting is
Q66: All of the following factors influence the
Q67: The most common form of service delivery
Q68: _ are measures of inputs. These input
Q69: _covers the delivery of required services such
Q71: Using U.S. processes as an example, the
Q72: _focus on the results of the program
Q73: Many are _ applicable to all internal
Q74: Managers must measure and track performance because
Q75: All of the following are the components