Question: An internal audit at a software development firm reveals that there are no formal risk assessment processes in place for new projects. How should the

An internal audit at a software development firm reveals that there are no formal risk assessment processes in place for new projects. How should the internal auditor address this finding?

) .

Propose that the company outsource its risk management.

) .

Recommend the immediate cessation of all new projects.

) .

Suggest the adoption of a formal risk assessment framework for project management.

) .

Advice the company to focus only on low

-

risk projects.

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