A Risk Components Matrix or Its Equivalent Is Necessary Whenever

question 18

Multiple Choice

A risk components matrix or its equivalent is necessary whenever the auditor uses:

• A) quantitative expressions for risk.
• B) nonqualitative expressions for risk.
• C) the risk model in planning an audit.
• D) a lower assessment of control risk or inherent risk.
• E) nonquantitative expressions for risk.

---

Definitions:

Energized

In electrical engineering and systems, energized describes a component or circuit that is supplied with power and is therefore active or operative.

Logic

The study of principles of reasoning, especially the structure of propositions as distinguished from their content and of method and validity in deductive reasoning.

Thermocouple

"A temperature-measuring device that utilizes two dissimilar metals for temperature measurement. As the junction of the two dissimilar metals is heated, a proportional voltage difference, which can be measured, is generated."