21. In performing effective risk assessment, organizations should: Group of answer choices None of the choices Identify and analyze risks to the achievement of its objectives to determine how they may be planned Consider potential fraud relating to the achievement of objectives Clearly specify objectives to allow the identification and assessment of risks related to the controls Identify and implement changes that could impact risk and internal control

21. In performing effective risk assessment, organizations should: Group of answer choices None of the choices Identify and analyze risks to the achievement of its objectives to determine how they may be planned Consider potential fraud relating to the achievement of objectives Clearly specify objectives to allow the identification and assessment of risks related to the controls Identify and implement changes that could impact risk and internal control

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

21.

In performing effective risk assessment, organizations should:

Group of answer choices

None of the choices

Identify and analyze risks to the achievement of its objectives to determine how they may be planned

Consider potential fraud relating to the achievement of objectives

Clearly specify objectives to allow the identification and assessment of risks related to the controls

Identify and implement changes that could impact risk and internal control

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