5 Questions |
By Markg23 | Last updated: Dec 23, 2019
| Total Attempts: 59
Questions and Answers
There are two levels of risk assessment, which are those:
i. Strategic Risk Assessment
ii. Political Risk Assessment
iii. Child Well-Being Risk Assessment
iv. Process Risk Assessment
I and iii
I, iii and iv
I and iv
Iii and iv
What is not correct regarding the risk statement?
It’s a reverse of the objective
Risk should identify the impacts
Risk is not about ineffective controls
What is false about Organizational Strategy?
Strategies should be align with the Organization's mission & vision
Strategies are the basis of restructuring, reorganization and creation of departments and functions
Organizational Strategies are formulated by the process owners
______________ is an approach of identifying the likely source of strategic risk from the different processes established by the organization during strategic audit planning.
To enable internal audit to focus on the critical risks to the organization, the organization’s department and units should be a foundational element when developing a risk-based audit plan. This will align the internal audits with the organization’s strategic priorities and help ensure its resources are allocated to the areas of significant importance. Practice Advisory 2120-03
The above statement is :
In the business world, the term “strategic management process” refers to any strategy which an organization uses to define itself; a strategy whereby managers within a company will choose from a number of different...
Questions: 20 | Attempts: 14851 | Last updated: Aug 26, 2020
_________ is used to refer to strategy formulation, implementation, and
evaluation, with _________referring only to strategy formulation.