The purpose of ________________ is to identify organizational risks, analyze their potential in terms of costs and likelihood of occurrence, and install those controls whose projected benefits outweigh their costs.
A)Internal controls
B)A control environment
C)Risk assessment
D)Management consultants

Question

Quizplus · Accepted Answer

Risk assessment is the process of identifying, analyzing, and evaluating risks to enable the organization to mitigate or prepare for their potential impact. It involves determining the cost of risks and the benefits of implementing controls to manage those risks.

The Purpose of ________________ Is to Identify Organizational Risks, Analyze