4. Overall risk management arrangements are the main preoccupation ofthe internal auditor who is concerned with all those controls fundamental to theachievement of organizational objectives. It is main ... On internal and externalaudit?A. SimilarityB. DifferenceC. NoD. Equalityconnection5. From taking care of risk perspective what should be done if the Impact of risk ishigh and likelihood of risk is high ?A. TerminateB. TransferC. TolerateD. Communicate6. From taking care of risk perspective what should be done if the Impact of risk islow and likelihood of risk is low?A. TerminateB. TransferC. TolerateD. Communicate

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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 C. No D. Equality connection

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 C. No D. Equality connection

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter7: Planning The Audit: Identifying, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 17MCQ

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Question

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
C. No
D. Equality
connection
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
C. Tolerate
D. Communica
te
6. From taking care of risk perspective what should be done if the Impact of risk is
low and likelihood of risk is low?
A. Terminate
B. Transfer
C. Tolerate
D. Communica
te

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