Which of the following is correct relating to risk? A. Understanding business risk is the responsibility of

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Which of the following is correct relating to risk?

A. Understanding business risk is the responsibility of the directors only.

B. Only internal auditors need to understand business risks.

C. External auditors should concern themselves with audit risk only.

D. Auditors should identify significant risks to be covered in their audit work.

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Modern Auditing And Assurance Services

ISBN: 9781118615249

6th Edition

Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson

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Question Posted: May 23, 2024 05:06 AM

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Which of the following is correct relating to risk? A. Understanding business risk is the responsibility of

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Modern Auditing And Assurance Services

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