When Assessing the Risk Associated with an Activity, an Internal

question 457

Multiple Choice

When assessing the risk associated with an activity, an internal auditor should:

• A) Determine how the risk should best be managed.
• B) Provide assurance on the management of the risk.
• C) Modify the risk management process based on risk exposures.
• D) Design controls to mitigate the identified risks.

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Definitions:

Obsessional Themes

Recurrent and persistent thoughts, impulses, or images experienced as intrusive and unwanted, often causing significant anxiety or distress, characteristic of disorders like obsessive-compulsive disorder.

Contamination

The presence of unwanted substances or impurities in a material, environment, or natural resource, compromising its quality or safety.

Worry

A cognitive process involving the repetitive contemplation of future events that may result in anxiety or stress.

Order/Symmetry

The desire or compulsion to arrange objects in a precise, orderly, or symmetrical manner, often observed in individuals with obsessive-compulsive disorder.