Which of the following is not a consequence of uncontrolled risks?
A) Credit ratings are eroded.
B) Favorable audit opinions are received.
C) Important decisions are based on faulty data.
D) Resources are lost, wasted, or abused.

Question

Quizplus · Accepted Answer

Favorable audit opinions are not a consequence of uncontrolled risks. They may indicate that adequate risk management measures are in place. However, the other options are all potential consequences of uncontrolled risks. Credit ratings may be eroded due to financial losses resulting from risk events. Important decisions based on faulty data can lead to poor outcomes and reputational damage. Loss, waste, or abuse of resources can occur due to a lack of risk controls.

Which of the Following Is Not a Consequence of Uncontrolled