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.

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Definitions:

Plump

Having a full, rounded shape; often used to describe a slightly overweight or well-nourished appearance.

Prosperity

A state of flourishing, success, or good fortune, particularly in terms of financial or material wealth.

Laziness

A lack of willingness to act or exert effort, often resulting in inactivity or avoidance of work.

Thrifty Metabolism

A theory suggesting some individuals' bodies are more efficient at storing fat and using energy, historically advantageous but now possibly linked to obesity.