quiz 11

Explain the equation HxP=R Name each component      What is the significance of each component? How the equation is used in Risk Management and in developing the risk matrix? How the outcome of this formula will impact an agencies appetite for risk?   Is that risk appetite a constant, and what factors may go into the modification of that agency risk appetite?

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Which of the following techniques are applicable for an organization to manage a high frequency with low severity risk? i. Reduce - soft measure ii. Finance - handles an as expenses iii. Retain - captive iv. Transfer - catastrophe risk exchange Select one: O a. i, ii and iii O b. i, ii and iv O c. i, iii and iv O d. All above Previous page Next p

6. True or False: Residual risk is the risk that exists once risk responses have been implemented in an organization.  A True  B False

According to the risk management process in ISO 31000, which of the following is a necessary step in risk assessment? Select one: A. Risk treatment B. Risk transfer C. Risk analysis D. Risk minimisation ####  i want answer within one hour,Thanks

With Explanation

3. Risk registers would normally detail which of the following: (Select all that apply.) A. Risk level before controls are implemented B. Risk lével after controls are implemented C. Responsibility for managing risks D. The total cost of a control being implemented Answer: Page 3 of 11 ted States) E Focus МacВook Pro

Safeguarding resources against loss is an example of operations objectives Select one : a . True . b . False

4. Overall risk management arrangements are the main preoccupation of the internal auditor who is concerned with all those controls fundamental to the achievement of organizational objectives. It is main . On internal and external .... audit? A. Similarity B. Difference С. No D. Equality connectio n 5. From taking care of risk perspective what should be done if the Impact of risk is high and likelihood of risk is high ? A. Terminate B. Transfer С. Тake more D. Communi cate

The risk associated with inefficient use of inputs or over-provision of services is ⚫ A. An actuarial risk • B. A utilization risk⚫ C. A cost risk. D. A financial risk

25) Identify, which of the following will be included in different types of review engagements A. Risk assessment reports B. Review of internal controls C. System reliability reports D. Value for money reviews   A , B , C and D Both D and C Both A and B Only A

7. In the risk qualification and prioritization for risk management, which of the following assessed risk where top management and the board will have a continuous focus? Group of answer choices Low likelihood, high impact High likelihood, high impact Low likelihood, low impact High likelihood, low impact

Company management completes event identification and assesses the severity of risk. Management then acts to alter the severity of risk. According to COSO’s ERM framework, the risk remaining after management’s actions is   A. Inherent risk. B. Actual residual risk. C. Event risk. D. Target residual risk.

Calculate planning materially in a dollar ($) amount. You must include a breakdown of your calculation and a justification of your choice of base, the percentage used and your assessment of detection risk. Assume the company's control risk is high.

Please correct answer and don't use hand rating

QUESTION ONE Planning sets in motion activities to accomplish the planned objectives. Control functions direct and monitor activities for deviations from plans (i.e., attainment of objectives). Planning uses feedback from controls to improve/alter plans and implement corrective actions where necessary. Required: A. Discuss Management by Objectives (MBO) and explain how MBO can contribute to planning of work. B. Explain the MBO cycle and give the Strengths and Limitations of (MBO). C. A company manufactures a single product. Budget and standard cost details for next year include: Selling price per unit $24.00 Variable production cost per unit $8.60 Fixed production costs $650,000 Fixed selling and distribution costs $230,400. Sales commission 5% of selling price Sales 90,000 units Required: I. Calculate the break-even point in units. II. Calculate the percentage by which the budgeted sales can fall before the company begins to make a loss. The marketing manager has suggested that the…

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

28. _______ factors are conditions and other variables that in their present, or absence, as the case may be, either exacerbate or diminish the underlying risk. Group of answer choices Planning Risk Audit Operations

None

Which is least likely?  A. For the risk-seeking manager, no change in return would be required for an increase in risk.  B. For the risk-averse manager, required return would decrease for an increase in risk.  C. For the risk-indifferent manager, no change in return would be required for an increase in risk.  D. A and B

What is; A. risk B. risk management C.hedging

_______________________involves the steps taken by management to increase the likelihood that the objectives setdown at the planning stage are attained.

A_ what is return. Define risk and explain how it is assessed

Adverse agreed upon procedures assertion attestation risk Consistent measurements Control criteria Financial forecast Quantitative or qualitative Responsible party SOC 3 Trust Services

Which of the followings is NOT in the scope of investment planning? a. To develop a risk-free investment portfolio for the client by choosing different types of asset classes. b. To analyse the risk appetite of the client c. To assess the liquidity needs of the client d. To analyse rhe financial objectives and lifestyles of the client