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:

Narcissistic

Pertaining to, exhibiting, or characterized by narcissism, which is excessive self-focus, self-admiration, and a lack of empathy for others.

Self-esteem

The degree to which a person values themselves or feels worthy, which impacts their motivation and psychological well-being.

Criticism

The expression of disapproval based on perceived faults or mistakes.

Special Treatment

The act of giving preferential or distinct consideration to an individual or group over others.