Question: indicate the correct statement with regard to residual risk. a , where residual risk shows high risk, it is regarded as a key risks indicator

indicate the correct statement with regard to residual risk.
a,where residual risk shows high risk, it is regarded as a key risks indicator
b,inherent risk is the risk after control measures have been taken into account
c,residual risk is a product of control measures
d,high residual risk requires reactive decisions to prevent the risk from occurring

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 Accounting Questions!