An internal auditor is conducting an evaluation of significant risks that could keep the organization from achieving its objectives Which of the following are potential techniques used by the internal auditor to identify significant risks? I. The internal auditor compiles a listing of the most common risks facing the company II. The internal auditor consults with an outside expert to get an opinion on the marketability of a new product III. The internal auditor conducts interviews and surveys management on potential risks IV. The internal auditor puts on a workshop for key managers on identifying risks Group of answer choices I, II, III and IV II, III and IV only I, II and III only None of the choices I and II only
An internal auditor is conducting an evaluation of significant risks that could keep the organization from achieving its objectives Which of the following are potential techniques used by the internal auditor to identify significant risks? I. The internal auditor compiles a listing of the most common risks facing the company II. The internal auditor consults with an outside expert to get an opinion on the marketability of a new product III. The internal auditor conducts interviews and surveys management on potential risks IV. The internal auditor puts on a workshop for key managers on identifying risks Group of answer choices I, II, III and IV II, III and IV only I, II and III only None of the choices I and II only
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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22.
An internal auditor is conducting an evaluation of significant risks that could keep the organization from achieving its objectives Which of the following are potential techniques used by the internal auditor to identify significant risks?
I. The internal auditor compiles a listing of the most common risks facing the company
II. The internal auditor consults with an outside expert to get an opinion on the marketability of a new product
III. The internal auditor conducts interviews and surveys management on potential risks
IV. The internal auditor puts on a workshop for key managers on identifying risks
Group of answer choices
I, II, III and IV
II, III and IV only
I, II and III only
None of the choices
I and II only
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