Question: Which is the most appropriate statement? a. Control risk self assessment is a tool that is used by businesses to promote risk management in teams,

Which is the most appropriate statement?

a. Control risk self assessment is a tool that is used by businesses to promote risk management in teams, projects, through processes and generally throughout the organization.

This tool is used by internal audit to help management.

b. Control risk self assessment is a tool that is used by businesses to promote audit routines in teams, projects, through processes and generally throughout the organization. This tool can be used by the executive board, partners, middle management, work teams and, of course, internal audit.

c. Control risk self assessment is a tool that is used by businesses to promote risk management in teams, projects, through processes and generally throughout the organization.

This tool can be used by the executive board, partners, middle management, work teams and, of course, internal audit.

d. Control risk self assessment is a tool that is used by businesses to promote risk management in teams, projects, through processes and generally throughout private sector organizations. This tool can be used by the executive board, partners, middle management, work teams and, of course, internal audit.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Internal Auditing Assurance Questions!

The questions is in the first file (questions). 1. Valuate the company by using both the FCF and Residual Earnings method. I can ask you to present and discuss various ratios we have gone over as...

Kindly provide answer and supporting workings for Qn 1b & Qn 3a,3b for ACC217. ACC217 Accounting Information Systems Assignment 2 - Group-based Assignment January 2017 Presentation ACC217 Assignment...

Answer question 1 & 2 Question 1 You recently went to work for Jurong Parts Limited, a company listed on Catalist, which supplies auto repair parts used in the after-market automobiles like Nissan,...

1 Complete the following statement: Results of risk analysis and response planning is documented in the ... A project management plan B probability impact matrix C risk management plan D risk...

Which is the most appropriate statement? Group of answer choices Control risk self - assessment is a tool that is used by businesses to promote risk management in teams, projects, through processes...

ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 3 2011 pp. 521-545 American Accounting Association DOI: 10.2308/iace-50031 Breach of Data at TJX: An Instructional Case Used to Study COSO and COBIT, with...

UALITY IMPROVEMENT AND PATIENT SAFETY WHAT IS QUALITY ? Appropriate medical application knowledge of with due regard to the balance between the hazard medical inherent intervention in every and the...

Only at 7-Eleven - PMO Case Study By Tom Sheives, Unstuck Company, and Steve Barton, 7-Eleven, Inc. Abstract In 2004, 7-Eleven, Inc. created a Project Management Office (PMO) that continues today...

I need to answer the questions around 5-6 pages. 1. Why is there a need for separate system for governmental accounting and reporting? 2. Why can't we use the same standards applicable for private...

by Vicki Jayne / business excellence Built to Last How to fill performance gaps How do you build a strong performance ethic into your organisational culture? Vicki Jayne talks to two executives who...

Nemeyer Company made the following materials purchases and issues during January. Required: Compute the cost of materials consumed and the cost assigned to the inventory at the end of the month,...

The spur gear is subjected to the two forces caused by contact with other gears. Express each force as a Cartesianvector. 60 = 180 lb F 60 135 24- = 50 lb F

What is the difference between paidn - in capital and earned capital? Discuss how these components contribute to a company's equity structure.

The difference between tensions on the tight and slack sides of a belt drive is $3000 \mathrm{~N}$. If the belt speed is $15 \mathrm{~m} / \mathrm{s}$, the transmitted power in $\mathrm{kW}$ is...

What are the circumstances that precipitated the need for internal audit-type activities?

What options does an individual have if he or she chooses to be a career internal auditor?

Do most people who work in internal auditing spend their entire careers there? Explain.

H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,400,000. The fixed asset will be depreciated straight- line to zero over its...

What is the concept of separation of duties, and how does it come into play in the systems of internal control, as they relate to cash/ cash equivalents? Please answer in your own words. Do not use...

Recent financial statements of General Mills, Inc, report net sales of $12,851,506,000. Accounts recelvable are $961,183,000 at the beginning of the year and $962,030,000 at the end of the year. (a1)...