Question: The starting point for risk-based audit approach is: a) Determination of the overall business objectives of the organization. b) Determination of the individual detailed control

The starting point for risk-based audit approach is:

a) Determination of the overall business objectives of the organization.

b) Determination of the individual detailed control objectives.

c) Identification of the internal controls relied upon by management.

d) Identification of best practice in selecting internal controls.

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