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 the internal audit's evaluation of the effectiveness of existing risk management processes is to determine that management has planned and designed the process to provide reasonable assurance of achieving objectives and goals. This means that the internal audit evaluates the process itself and its design, rather than the outcome of the process.

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