Sometimes, Internal Audit Staff May Partner with Operating Managers to Rank

Multiple Choice

Sometimes, internal audit staff may partner with operating managers to rank risks. Which of the following outcomes may be the most beneficial aspects of this strategy? 1. Reappraising risks levels. 2. Providing accurate information to management. 3. Marketing the internal audit activity. 4. Planning safeguards for assets in high-risk areas.

A) 1 and 2.
B) 1 and 3.
C) 2 and 3.
D) 3 and 4.