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The Major Benefit of Risk Assessment Is

Question 33

Multiple Choice

The major benefit of risk assessment is:


A) To staff the plans and financial budgets
B) To consider factor that may affect risk and giving the highest priority to audit areas that have the highest potential for adverse consequences
C) To identify the possible adverse effects based solely on the type of activity, the type of resources, amount of assets or complexity of transactions
D) Failure to achieve the organization's goal and objectives

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