Auditors would use the enterprise risk model:
A)to reduce the client's business risk.
B)to determine detection risk.
C)to evaluate management's risk assessment.
D)to monitor client risk.

Question

Quizplus · Accepted Answer

Auditors would use the enterprise risk model to evaluate management's risk assessment. The model helps identify and assess the various risks impacting the organization, including financial, operational, and reputational risks. By evaluating management's risk assessment, auditors can better understand the risks the organization faces and, as a result, perform more effective audit procedures. The model does not directly reduce business risk, determine detection risk, or monitor client risk.

Auditors Would Use the Enterprise Risk Model