In order to achieve balance between ________ and _______, internal controls should be proactive, value-added, cost-effective, and manage risk exposure.
In which standard, the internal audit activity should evaluate and contribute to the improvement of risk management, control and governance processes using a systematic approach.
Enterprise risk management helps an entity to achieve its performance and profitability targets but lower prevents loss of resources.
Which of the following is Correct?
Which of the following is NOT the purpose of an organization that uses self-assessment to have a formal, documented process that allows management and work teams to participate in a structured manner?
In which standard, the chief executive should establish a follow-up process to monitor and ensure that management actions have been effectively implemented or that senior management has accepted the risk of not taking action.
The risk that deficiencies in expenditure control or revenues will adversely affect agreedupon outcomes or objectives is called:
To improve the quality of financial reporting through a focus on corporate governance, internal controls and ethical standards, is the mission of:
The organization has a mechanism to ensure the prompt resolution of findings from audits and other reviews through:
Alleged perpetrators have the right to expect an objective investigation and that allegations against them will be kept as confidential as possible until they are substantiated, this refers to;
