When classifying risks as being significant consideration is given to whether the risk involves simple routine transactions.

Name: When classifying risks as being significant consideration is given to whether the risk involves simple routine transactions.
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Question

Quizplus · Accepted Answer

When classifying risks as significant, consideration is given to factors such as the potential impact and likelihood of the risk occurring, not whether the transactions are simple routine ones or not.

When Classifying Risks as Being Significant Consideration Is Given to Whether