While Developing a Risk Based Audit Plan, Which of the Following

question 268

Multiple Choice

While developing a risk based audit plan, which of the following sources of information would provide the least value to the chief audit executive?

• A) Results from the organization's business process management program.
• B) User acceptance testing of the organization's enterprise resource planning application.
• C) Risk assessments conducted by the board.
• D) Key business strategies adopted by the organization in the strategic plan.

---

Definitions:

DNA Template

A strand of DNA that serves as a guide for the synthesis of complementary RNA molecules during transcription.

Transcription

The process by which the information in a strand of DNA is copied into a new molecule of messenger RNA (mRNA).

Ribosomal Subunit

Components of the ribosome that work together in protein synthesis, with the smaller subunit binding to mRNA and the larger subunit binding tRNAs and catalyzing peptide bond formation.

Initiator tRNA

The transfer RNA that starts the translation process in protein synthesis by binding to the start codon on the mRNA with its anticodon.