Risk-based auditing provides assurances relating to the effectiveness of an organization's enterprise risk management process.

Question

Quizplus · Accepted Answer

Risk-based auditing is designed to examine and evaluate an organization's risk management and internal control processes. By focusing on high-risk areas, the auditors can provide assurance regarding the effectiveness of the risk management process. Therefore, the statement is true.

Risk-Based Auditing Provides Assurances Relating to the Effectiveness of an Organization's