The Internal Audit Activity Performs the Following Sequence of Risk

question 2

Multiple Choice

The internal audit activity performs the following sequence of risk management activities: identification, analysis, and evaluation. According to IIA guidance, which of the following assurance approaches does this describe?

• A) Process elements approach.
• B) Enterprise-wide risk management approach.
• C) Key principles approach.
• D) Maturity model approach.

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Definitions:

BRCA Analysis

Genetic testing to identify mutations in the BRCA1 and BRCA2 genes, which significantly increase the risk of breast and ovarian cancer.

Breast Cancer

A type of cancer that develops from breast tissue, characterized by the growth of malignant cells in the breast.

Ovarian Cancer

A type of cancer that begins in the ovaries, characterized by the growth of malignant cells within the ovarian tissue.

Genetic Counseling

A service providing information and support to people who have or may be at risk for genetic disorders.