Management tends to focus on residual risk instead of inherent risk. Why do you think this is

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Management tends to focus on residual risk instead of inherent risk. Why do you think this is so? Why should internal auditors consider both inherent risk and residual risk when planning an assurance engagement?

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Management often focuses on residual risk rather than inherent risk due to several practical reasons Risk Mitigation Managements primary responsibility is to safeguard the organizations objectives and ...View the full answer

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Related Book For book-img-for-question

Internal Auditing Assurance & Advisory Services

ISBN: 9780894139871

4th Edition

Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel

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Question Posted: Aug 13, 2023 12:17 AM

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Management tends to focus on residual risk instead of inherent risk. Why do you think this is

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Management often focuses on residual risk rather than inherent risk due to several practical reasons Risk Mitigation Managements primary responsibility is to safeguard the organizations objectives and ...View the full answer

Internal Auditing Assurance & Advisory Services

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