Question 31 In planning an audit, the internal auditor should design audit objectives and procedures to address the risk associated with the activity. Risk is defined as Answer saved Marked out of 1.00 P Flag question Select one: a. the failure to adhere to organizational policies, plans, and procedures, or not complying with relevant laws and regulations. O b. the failure to accomplish established objectives and goals for operations or programs. c. the risk that the balance or class of transactions and related assertions contains misstatements that could be material to the financial statements. d. the possibility that an event may adversely affect the achievement of objectives