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Risk assessment is a process:

A. Designed to identify potential events that may affect the entity.

B. That establishes policies and procedures to accomplish internal control objectives.

C. Of identifying and capturing information in a timely fashion.

D. That assesses the quality of internal control throughout the year.

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Question added by Deleted user
Date Posted: 2015/02/25
ABDUL SHAFEEQ PADIKKAL
by ABDUL SHAFEEQ PADIKKAL , Finance Supervisor - Accounts receivable, Global Business Services , Qatar Airways

  1. Designed to identify potential events that may affect the entity.

Sahar Ghaddar
by Sahar Ghaddar , Financial Controller , Fendi

The answer is D - That assesses the quality of internal control throughout the year

Kishore Srichand Hingwani
by Kishore Srichand Hingwani , VICE PRESIDENT FINANCE , Oway Group

B. That establishes policies and procedures to accomplish internal control objectives.

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