The Risk Analysis Process Involves All of the Following Steps

question 346

Multiple Choice

The risk analysis process involves all of the following steps EXCEPT:

• A) Identifying auditable activities (e.g. programs, accounts, contracts, transactions)
• B) Identifying relevant risk factors (e.g. Complexity of programs, size of program, adequacy of internal control system)
• C) Prioritizing Risks
• D) Determine the need for external assistance of outsourcing

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Definitions:

Developmental Approaches

Methods focused on facilitating growth, learning, and improvement in individuals, groups, or organizations.

Job Behaviours

Actions or attitudes of individuals in their workplace, which can affect their performance and interactions with coworkers and management.

Organizational Politics

The use of power, influence, and social networking within an organization to achieve changes that benefit the individual or the organization.

Performance Evaluations

A systematic process by which an employee's job performance is assessed, typically annually, to determine the effectiveness and guide decisions on promotions, rewards, and development needs.