The Purpose of the Internal Audit's Evaluation of the Effectiveness

question 72

Multiple Choice

The purpose of the internal audit's evaluation of the effectiveness of existing risk management processes is to determine that

• A)management has planned and designed the process to provide reasonable assurance of achieving objectives and goals.
• B)management directs processes to provide reasonable assurance of achieving objectives and goals.
• C)the organization's objectives and goals will be achieved efficiently and economically.
• D)the organization's objectives and goals will be achieved in an accurate and timely manner and with minimal use of resources.

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Definitions:

Television

An electronic system for transmitting visual images and sound that are reproduced on screens, primarily used for entertainment, information, and education.

Newspaper

A printed publication, usually issued daily or weekly, containing news, articles, advertisements, and other items of general interest.

Internet

The internet is a global network of computers that provides a vast range of information and communication facilities, including access to websites and the transmission of email and data.

Media

Various means of communication that reach or influence people widely, including newspapers, television, radio, the Internet, and other digital platforms.