The purpose of the internal audit's evaluation of the effectiveness of existing risk management processes is to determine that
A)management has planned and designed the process to provide reasonable assurance of achieving objectives and goals.
B)management directs processes to provide reasonable assurance of achieving objectives and goals.
C)the organization's objectives and goals will be achieved efficiently and economically.
D)the organization's objectives and goals will be achieved in an accurate and timely manner and with minimal use of resources.

Question

Quizplus · Accepted Answer

The purpose of evaluating the effectiveness of existing risk management processes is to ensure that management has planned and designed the process to provide reasonable assurance of achieving objectives and goals. This includes assessing whether the processes are properly designed, implemented, and operating effectively to manage the organization's risks. Choice A is the best answer as it accurately reflects the purpose of the audit.

The Purpose of the Internal Audit's Evaluation of the Effectiveness