Strong_Reflection 3_FINCB

Chapter 10   Accounting Information Systems   Short Problem 10-3, page 394: Using the following table as a guide, describe for each function from Figure 10.1: A risk (an event or action that will cause the organization to fail to meet its goals/objectives) A control/process or use of technology that will address the risk.

How will you avoid The Six Mistakes Executives Make in Risk Management

Question 20 What is the formula for the audit risk model?

Answer multi choice question in photo please

ket system My Dispense Academic Calendar Clear my choice My courses (7) Essay Question: (LO# 2) One of the Components of Internal Control is the control activities; which are the policies and procedures that help ensure that necessary actions are taken to address risks to the achievement of the entity's objectives. What are the most important control activities (Explain of each of these control activities)? Paragraph B Path: p Which of the following is not a likely source of information to assess fraud risks? く & 8 A 6 7 7 V 1O て (E 3. Y を IT K J H. G J く N !MS

QUESTION ONE (1) 1) To implement its risk management framework, Quantum Commodity, a cocoa processing company, has recently appointed risk owners and champions for each functional unit. As one of the risk champions, your unit manager (risk owner) has assigned you the following tasks: i. Identify the top six (6) significant risks ii. Conduct a qualitative analysis and prioritize each risk iii. Develop a basic risk register b) Quantum Crude Limited, a Ghanaian Bulk Oil Distribution Company (BDC), plans to import 20 million barrels of crude oil within the next 12 months. The current exchange rate is 1 USD = 15.50 GHS, and crude oil is priced at $120 per barrel. The company has obtained a loan in Ghanaian Cedis, repayable over 60 months, to partially finance this import. With global trends suggesting rising oil prices and further depreciation of the Cedi, and in light of the recent increase in the monetary policy rate (MPR) by the Bank of Ghana's Monetary Policy Committee (MPC), as well as…

Question 55 What is the best way to describe the whitepaper of a crypto/blockchain project? O A rewrite of the yellow paper for readability, in a more organized format A document that describes the specifications of the protocol which is difficult to decipher for those who are not proficient in mathematics or algebra O A document gives investors technical information about its concept, and a roadmap for how it plans to grow and succeed A tentative government report and consultation document of policy proposals for debate and discussion

IT audit and assurance professionals should examine the root cause of risk events that impact the business.  Drawing from today's headlines, how can an IT auditor go about examinging the root cause of a risk event?

Risk is defined by some as the possiblity of danger or the possible exposure to danger. Whereas, risk management is viewed as a systematic process of assessing the potential risk to a business which incorporates identifying, evaluating, monitoring/tracking and reporting risk to the board/senior management. Risk management processes are evolving with the focus on all of the following EXCEPT: Question 1Answer a. Development of regulator guidelines for imposing risk-based techniques to reduce systemic risks. b. Examining the different components of the risk management framework. c. Emergence of new organizational processes for better integrating these advances. d. Developing risk-based techniques to meet risk-based capital requirements

10 What is the name of the individual that carries out auditing for a company or client called? ______________   Question 10 options:   a)  Actuarial   b)  Professional   c)  Analyst   d)  Auditor

A firm is assessing a risk using the risk management process and has just identified the risks to which it is exposed. What is likely to be the next stage in the process? Group of answer choices A. Evaluating risks B. Controlling risks. C. Analysing risks. D. Mitigating risks.