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:

Adversity

Difficult or unpleasant situations or conditions that challenge one's well-being or survival.

Dysfunction

The impairment or abnormal functioning of a bodily system or organ.

Stress Reaction

The body's response to a threat or challenge, involving psychological and physiological changes to enhance coping ability.

Resilience

Denotes the ability to recover quickly from difficulties or adapt well in the face of adversity, trauma, or significant stress.