The Board Has Asked the Internal Audit Activity (IAA) to Be

question 468

Multiple Choice

The board has asked the internal audit activity (IAA) to be involved in the organization's enterprise risk management process. Which of the following activities is appropriate for IAA to perform without safeguards?

• A) Coach management in responding to risks.
• B) Develop risk management strategies for board approval.
• C) Facilitate identification and evaluation of risks.
• D) Evaluate risk management processes.

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Definitions:

Tie-rod Ends

Components of the steering mechanism in a vehicle that serve as pivot points between the tires and the steering system, facilitating direction change.

Clamps

Fastening devices used to hold or secure objects tightly together to prevent movement or separation through the application of inward pressure.

Crosstube

Transfers steering motion from the steering gear side of the chassis to the opposite side by means of an adjustable rod, forcing the steering knuckles to act in unison. Also called a tie-rod.

Worm Gear

Spiraled single-groove shaft gear.