For All but __________ Changes,a Risk Identification and Analysis Should

question 31

Multiple Choice

For all but __________ changes,a risk identification and analysis should be performed.

• A)minor
• B)major
• C)most
• D)few

---

Definitions:

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and close to their maturity.

Internal Audits

Evaluations conducted internally to assess the effectiveness of a company's operations, controls, and compliance with regulations and policies.

Collusion

An illegal agreement between parties to deceive or defraud others, often involving price-fixing or the manipulation of markets.

Segregation of Duties

A key internal control that aims to reduce the risk of fraud and error by dividing responsibilities among different people or departments.