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
Q12: There is _ of Attribute and Performance
Q13: Within the new framework, the Guidance Task
Q14: _ is an independent, objective assurance and
Q15: Many are _ applicable to all internal
Q16: All of the following are the factors
Q18: Which category of Professional Practices Framework can
Q19: Which services involve the internal auditor's objective
Q20: The purpose of _ is to promote
Q21: All of the following are the General
Q22: All of the following are the objectives
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