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

question 68

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 operations to provide reasonable assurance of achieving objectives and goals.
• B)management's policies and procedures will achieve objectives and goals.
• C)the organization's objectives and goals are established within risk limits established by the internal audit organization.
• 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:

Parallel

Lines in a plane that never meet, no matter how far they are extended, because they have the same slope.

Line

A geometric figure that is one-dimensional, has no thickness, and stretches indefinitely in both directions is referred to as a line.

Y-Intercept

The point where a line or curve intersects the y-axis of a coordinate plane.

Point

A specific location in space with no dimension, represented by coordinates.