What generally includes estimating the risk’s significance, assessing the likelihood of its occurrence and deciding how to manage the risk and what actions should be taken?
Programmed procedures designed to prevent, detect and correct errors or irregularities that could adversely impact the organization’s business activities are called:
Which of the following is NOT the category of Control?
The combination of processes and structures implemented by the board in order to inform, direct, manage and monitor the activities of the organization toward its achievements is called:
The amount of resources used or planned for a specific service or program is called:
Which of the following is Correct?
The employee theft risk has safeguard supply inventory as a control objective and uses which technique to control risk?
A process affected by an entity’s board of directors, management and other personnel designed to provide reasonable assurance regarding the achievement of objectives is called:
The degree of risk on a board-based level, which a company or other entity is willing to accept in pursuit of its goals, is referred to as:
No proper documentation of adds, changes or deletions to vendor master file is a fraud warning sign of:
