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What is risk management?

A. A fundamental element of the definition of internal auditing.

B. An element of the control environment.

C. Unrelated to internal control.

D. Synonymous with governance.

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Question added by MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.
Date Posted: 2015/10/06
Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

 (A)   fundamental element of the definition of internal auditing.

Almutaz Bakry Sidahmed
by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

Answer (a) is the correct answer (a fundamental element of the definition of internal audit).

 

 

Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

A) Option the  correct.Risk management process is involved through out internal audit process from Risk identification,Risk prioritization,Risk mitigation and avoidance techniques

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