IIA
IIA-CFSA · Question #34
Risk is the probability that an event or action may adversely affect the organization or activity under review. In other words, risk is anything that can prevent an organization from achieving an…
The correct answer is C. Control Risk. The extent to which an organization has implemented controls to minimize the actual occurrences of the risk determines the vulnerability to the risk actually occurring, or the
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Question
Risk is the probability that an event or action may adversely affect the organization or activity under review. In other words, risk is anything that can prevent an organization from achieving an objective. Major components of risk are as follows EXCEPT:
Options
- AInherent Risk
- BUnderstanding Risk
- CControl Risk
- DDisguised Risk
How the community answered
(34 responses)- A3% (1)
- B9% (3)
- C74% (25)
- D15% (5)
Explanation
The extent to which an organization has implemented controls to minimize the actual occurrences of the risk determines the vulnerability to the risk actually occurring, or the
Topics
#risk components#inherent risk#risk management#audit
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