Management is responsible for implementing effective controls to control risks identified in a risk assessment. Which of these would not be considered to impact on management's risk assessment?
A) expanding foreign exchange operations.
B) changing the external auditor.
C) new personnel.
D) new technology.

Question

Quizplus · Accepted Answer

Changing the external auditor does not impact management's risk assessment directly. Risk assessments focus on internal and external factors that could affect the organization's ability to achieve its objectives. Changing the external auditor is more related to the audit process rather than the organization's internal risk management processes.

Management Is Responsible for Implementing Effective Controls to Control Risks