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1- The decision maker has many options to mitigate the information risk. First he/she may verify the information by himself. Second, he/she may share
1- "The decision maker has many options to mitigate the information risk. First he/she may verify the information by himself. Second, he/she may share the information risk with an information provider. Third, he/she may receive audited information from an independent party." Give your opinion: 1- What is the most common option? 2- What is the impractical option? 3- What is the risky option? 2- Match the terms (a-f) with the definitions provided below (1-6): a- Information risk c- Assurance service e- UAE-AAA b- Accounting d- Attestation service f- Audit report. 1- The communication of audit findings to users. 2- Independent professional service that improves the quality of information for decision makers. 3- The recording, classifying, and summarizing of economic events in a logical manner for the purpose of providing financial information for decision making. 4- Is the national professional organization. 5- Independent professional service in which the CPA firm issues a report about the reliability of an assertion that is the responsibility of another party. 6- The risk that information upon which a business decision is made is inaccurate. 3- You are provided with the abbreviations that follow. 1-ISA. 2- FASB. 3- GAAP. 4- UAE-AAA. 5- IFRS. 6- SAS. 7- PCAOB. 8- IAASB. 9- GAAS. 10-IASB
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