Auditors Would Use the Enterprise Risk Model

question 22

Multiple Choice

Auditors would use the enterprise risk model:

• A)to reduce the client's business risk.
• B)to determine detection risk.
• C)to evaluate management's risk assessment.
• D)to monitor client risk.

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Definitions:

Internal Fit

Involves ensuring that HR strategies, policies, and practices are coherent and aligned with the overall organizational strategy.

Multidomestic Strategy

A market strategy where a company tailors its products or services to each local market, emphasizing responsiveness to local preferences and needs.

Global Strategy

A comprehensive plan developed by businesses to operate and compete on an international scale.

HRM Systems

Integrated methods and tools used to manage all aspects of the human resources function within an organization.