1.how the FRC guidance defines risk management and internal control systems?

6. True or False

a.Risks will differ from company to company

b.risks that are not under the control of the company are not addressed in this guidance(market or regulatory risks)

c.coherance is important and reported risks should not vary from year to year

d.the guidance advice on training and company's whistle-blowing procedures

e.besides the on going review,a bi-annual review of the effectiveness of the systems should be undertaken

f.the company should report on principal risks,expectations on company continuation and liabilities,concerns,review of the risk management and internal control systems.