3. A procedure that requires regular reconciliation of accounts by an independent internal auditor is an example of an 'act' control.

TRUE

FALSE

8. A level of consequence that involves closure or substantial change to the organisation is the least worst grade of the consequence scale.

Select one:

True

False

9.The maximum amount of risk that an organisation is able to support in pursuit of its objectives is known as its risk appetite.

Select one:

True

False