Which of the following members of an organization has ultimate ownership responsibility of the enterprise risk management, provides leadership and direction to senior managers, and monitors the entity’s overall risk activities in relation to its risk appetite? A. Chief risk officer. B. Chief executive officer. C. Internal auditors. D. Chief financial officer.

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A: Internal control procedures are those procedures which are adopted to ensure fulfilment of…

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A: Internal control:   Internal control can be defined as a process to ensure achievement of the…

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A: Option A is correct Evaluation of evidence

Q: type of the auditors

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A: Risk management is concerned with understanding and managing the risk that an organization faces in…

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A: The question is multiple choice question. Which one of the following is NOT the main responsibility…

Q: The main purposes of internal controls include all of the following except Multiple Choice…

A: Correct answer is  increase the operating expenses of publicly traded companies

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A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

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A: Internal audit is one of the pivotal pillars of the internal control mechanism of the organisation

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A: Auditing refers to the art of inspecting and investigating financial accounts of a company. It is…

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Q: Comment on the effectiveness of this organizational structur

A: Internal Audit: Internal audit is the process by which organization assures the compliance of rules…

Q: Which of the following BEST describes a Step-up practice related to Effective Audit and Risk…

A: Answer:   Following is the description of a Step-up practice related to Effective Audit and Risk…

Q: The key independent membership with the experience, skills, commitment and understanding focus of…

A: Solution: Audit committee must be composed of correct persons with the correct mindset (commitment)…

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Q: Which of the following are elements of a single, widely accepted set of high-quality accounting…

A: Hi student Since there are multiple questions, we will answer only first question.

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Q: firms must audit their resources at the corporate level

A: Resources are the available economic items of the firm with which it can operate business.

Q: which one is not the responsibility of management towards auditor.

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Q: Which of the following is NOT a requirement in management’s report on the effectiveness of internal…

A:

Q: Which of the following is not considered to be part of the internal control structure of a company?…

A: Answer:  Publish accurate financial statements on a regular basis.

Q: internal and external audit

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A: Risk control is the technique of figuring out, assessing and controlling threats an enterprise's…

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A: The purpose of adopting Auditing procedures which are important to the Auditing work which has to be…

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A: Internal auditor be required to have proficiency when carrying out an audit of corporate governance…

Q: Which of the following is more likely to occur when an entity has effective internal controls?…

A: Internal control means the mechanisms, rules, procedures etc. which are implemented by a company to…

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A: In terms of accountancy, auditing can be defined as process of examining the financial statements of…

Q: Which of the following is not one of the components of COSO’s framework? A. Objective setting which…

A: COSO's Framework: It implies to a framework that includes the division of company's internal…