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Match each term with the appropriate definition or description Any chance of injury or loss Uncontrolled risk or the potential impact of a threat or

Match each term with the appropriate definition or description

Any chance of injury or loss

Uncontrolled risk or the potential impact of a threat or loss

A possible or probable loss to an entity such as costly recalls as a result of faulty product design

The potential for a reward such as returns from investments in stocks

Activities performed to minimize or eliminate risks

How significantly a risk will affect a firm's financial statements

A nonprofit organization intended to monitor public accounting firms to ensure they conduct high quality audits

A joint initiative between between various accounting organizations to provide guidance regarding internal control systems

A framework for IT controls

Intentional efforts to cause harm to an enterprise

A.

Opportunity

B.

COBIT

C.

Internal controls

D.

Risk

E.

Materiality of risk

F.

Fraud

G.

Exposure

H.

PCAOB

I.

COSO

J.

Threat

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