Question: what is correct answer An entity's risk assessment process: is established only if the entity is subject to unusually high risk. is the entity's process

what is correct answer

An entity's risk assessment process: is established only if the entity is subject to unusually high risk. is the entity's process for identifying and responding to business risks and the results thereof. never allows management of an entity to decide to accept a risk without taking any action. is designed to help an entity think about risk in the same way that an auditor thinks about risk

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