Qualitative risk assessment is completed before quantitative risk assessment. Which of these choices is true about quantitative

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Qualitative risk assessment is completed before quantitative risk assessment. Which of these choices is true about quantitative risk assessment?

1.If the qualitative risk assessment is sufficient, quantitative risk assessment will not need to be conducted.

2.Quantitative risk assessment requires specialized skills.

3.Quantitative risk assessment includes sophisticated numerical calculations and modeling.

4.All of the above.

Related Book For answer-question

Auditing The Art And Science Of Assurance Engagements

ISBN: 9780136692089

15th Canadian Edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones

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Posted Date: Nov 16, 2023 03:51 AM

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Qualitative risk assessment is completed before quantitative risk assessment. Which of these choices is true about quantitative

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The detailed answer for the above question is provided below The answer is option 2 Quantitative ris... View the full answer

Auditing The Art And Science Of Assurance Engagements

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