The internal audit activity must evaluate the effectiveness and contribute to the improvement of risk management processes. With respect to evaluation the adequacy of risk management processes, internal auditors most likely should

		Recognize that organization should use similar techniques for managing risk.
		Determine that the key objectives of risk management processes are being met.
		Determine the level of risk acceptable to the organziation.
		Treat the evaluation of risk management process in the same manner as the risk analysis used to plan engagements.