Multiple Choice
When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:
A) Identifying risks to the organization's operations.
B) Observing and analyzing controls.
C) Prioritizing known risks.
D) Reviewing organizational objectives.
Correct Answer:

Verified
Correct Answer:
Verified
Q69: Which of the following is not true
Q70: Which of the following is not an
Q71: A senior manager asks the chief audit
Q72: An internal auditor is gathering evidence for
Q73: Management has asked the chief audit executive
Q75: A product manager occasionally overrides established purchasing
Q76: Which type of objectives can best be
Q77: The chief audit executive needs to revise
Q78: Which of the following statements correctly describes
Q79: Which of the following statements is not