Which of the following would provide the most reliable information on the risk associated with an auditable activity?
A) Event scenarios with regression analysis.
B) Past audit findings and instances of management failures.
C) Consequences and economic predictability of loss.
D) Management assessment and corroboration by the internal audit activity.

Question

Quizplus · Accepted Answer

Management assessment corroborated by the internal audit activity provides a comprehensive and reliable evaluation of risks, as it combines management's insights with the independent verification of the internal audit team.

Which of the Following Would Provide the Most Reliable Information