An Internal Auditor Is Assessing the Organization's Risk Management Framework

question 281

Multiple Choice

An internal auditor is assessing the organization's risk management framework. Which of the following formulas should he use to calculate the residual risk?
A.
B.
C.
D.

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Economic Interests

The concerns or advantages that affect the financial state or wealth of an entity or individual.

Federalism

A system of government where power is divided between a central governing authority and constituent political units, like states or provinces.

Governing Power

The authority or jurisdiction to govern, regulate, or control a specific area or domain.

Tax Limitations

Restrictions or caps placed on the amount of taxes that can be imposed by governmental entities.