The Risk Assessment Form Contains All of the Following EXCEPT

question 36

Multiple Choice

The risk assessment form contains all of the following EXCEPT

• A)Likelihood of the risk event occurring.
• B)Potential impact of the risk event.
• C)Who will detect the occurrence of the risk event.
• D)Difficulty of detecting the occurrence of the risk event.
• E)When the risk event may occur.

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Definitions:

Taxes Payable

Liabilities owed to the government or other authorities, usually within one year, arising from taxable activities or transactions.

Fixed Asset Accounts

Financial accounts that track the purchase, depreciation, and disposal of long-term assets that have a physical form and are used in the operations of a business.