Which of the following is not an underlying principle related to risk assessment?
A) The organization should have clear objectives in order to be able to identify and assess the risks relating to the objectives.
B) The auditors should determine how the company's risks should be managed.
C) The organization should consider the potential for fraudulent behavior.
D) The organization should monitor changes that could impact internal controls.

Question

Quizplus · Accepted Answer

Auditors may provide recommendations on how risks should be managed, but it is ultimately the responsibility of management to decide how to address risks. The other three principles listed are all relevant to risk assessment.

Which of the Following Is Not an Underlying Principle Related