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Cadish Cadish
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6 years ago
The first step for management in the risk assessment process is to identify factors that may increase risk, for example failure to meet prior objectives. Then, management will
A) assess the likelihood of the risk occurring.
B) make sure that procedures are developed to eliminate the risk.
C) estimate the significance of that risk.
D) develop specific actions to reduce the risk to an acceptable level.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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victroxvictrox
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6 years ago
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Cadish Author
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#2
5 years ago
Makes more sense to me now Smiling Face with Open Mouth
Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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