internal audit activity's role
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Which of the following best describes the internal audit activity's role in supporting the board in enterprise-wide risk assessment?
None of the choices
Ensure that sound risk management processes are in place and functioning
Oversee risk management processes to determine whether they are adequate and effective
Implement risk management methodologies and controls to address risks identified
Examine evaluate, report on, and recommend improvements on the adequacy and effectiveness
of risk processes
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