The CAE has completed a risk assessment, identified the areas with the highest risks, and...
70.2K
Verified Solution
Link Copied!
Question
Accounting
The CAE has completed a risk assessment, identified the areas with the highest risks, and assigned an engagement priority to each. Which of the following conclusions most logically follow(s) from such a risk assessment? I. Items should be quantified as to risk in the rank order of quantifiable monetary exposure to the organization. II. The risk priorities should be in order of major control deficiencies III. The risk assessment process, though quantified, is the result of professional judgments about both exposures and probabilities of occurrences. II and III only I only II only III only
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
