Which of the following is a risk assessment principle?
A) accountability
B) use relevant, quality information to support the functioning of internal controls
C) consider the potential for fraud
D) develop general controls over technology

Question

Quizplus · Accepted Answer

Considering the potential for fraud is a principle of risk assessment, as it involves evaluating the likelihood and impact of fraudulent activities and incorporating this evaluation into the overall risk management strategy.

Which of the Following Is a Risk Assessment Principle