Which of the Following Describes the Internal Control Component "Risk

question 142

Multiple Choice

Which of the following describes the internal control component "risk assessment?"

• A)Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate.
• B)Risk assessment is the "tone at the top" of the business.
• C)A company must identify its risks and take necessary steps to minimize it.
• D)Risk assessment is designed to ensure that the business's goals are achieved.

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Definitions:

Market Price

The current quoted price for the exchange of an asset or service.

Subscription Price

The cost at which an investor can buy shares or units of a mutual fund or any other investment.