A Risk Response Matrix Contains All of the Following Except

question 66

Multiple Choice

A Risk Response Matrix contains all of the following except

• A)Contingency plan
• B)Trigger
• C)Who is responsible?
• D)Response
• E)All of these are included in the matrix

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Definitions:

Common Law Fraud

A form of fraud based on case law where a false representation of a material fact is made with intent to deceive and resulting in damage to the victim.

Reckless Ignorance

A state of disregarding or showing indifferent concern towards the consequences of one’s actions, often leading to harm or risks.

Embezzled Funds

Money that is dishonestly taken from an employer or organization by someone in a position of trust, typically for personal use.

Unqualified Opinion

An auditor's report that the financial statements of an entity present fairly its affairs in all material respects according to the applicable financial reporting framework.