In a Recent Study in the US, Which Types of Risks

question 1

Multiple Choice

In a recent study in the US, which types of risks were found to be the fastest growing area of internal audit focus?

• A) Social and environmental risks.
• B) Corporate governance risks.
• C) Business risks.
• D) Systems risks.

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Definitions:

Rescind The Contract

The legal action of canceling or nullifying a contract, effectively terminating the agreement and releasing the parties from their obligations.

Failure To Perform

The inability or refusal to fulfill a contractual obligation or duty.

Construction Contract

A legally binding agreement between a contractor and client specifying the details of a construction project, including scope of work, timelines, and payment.

Equitable Remedy

A judicial order enforcing a party to act or refrain from acting in a certain way, distinct from awarding damages.