Which of the Following Is the First Step in the Risk-Based

question 41

Multiple Choice

Which of the following is the first step in the risk-based audit approach?

• A) Identify the control procedures that should be in place.
• B) Evaluate the control procedures.
• C) Determine the threats facing the AIS.
• D) Evaluate weaknesses to determine their effect on the audit procedures.

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Definitions:

Graders

Individuals or tools that evaluate or assign scores to academic work.

Parental Monitoring

Consistent parental supervision.

Adolescents

A phase of life involving the transition from childhood to adult life, marked by physical, psychological, and social changes.

Delinquency Outcomes

The results or consequences associated with juvenile delinquency, including impacts on individuals and society.