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According to IIA Guidance, Which of the Following Statements Are

question 334

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According to IIA guidance, which of the following statements are true regarding the internal audit plan? 1. The audit plan is based on an assessment of risks to the organization. 2. The audit plan is designed to determine the effectiveness of the organization's risk management process. 3. The audit plan is developed by senior management of the organization. 4. The audit plan is aligned with the organization's goals.


Definitions:

Price

The amount of money that must be paid to obtain a given product or service.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Hot Dog

A cooked sausage, traditionally grilled or steamed, and served in a partially sliced bun as a fast-food.

Hamburger

a popular food item consisting of a cooked patty of ground meat, usually beef, placed inside a sliced bread roll or bun.

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