A company's auditors are not typically trained to serve in a risk management capacity.

Question

Quizplus · Accepted Answer

While auditors may be knowledgeable in identifying and assessing risks related to financial reporting, they are not typically trained to manage risks in other areas of a company's operations, such as strategic, operational, or compliance risks. Risk management typically falls under the responsibility of a company's management team and/or a dedicated risk management department.

A Company's Auditors Are Not Typically Trained to Serve in a Risk