Accountıng I Deneme Sınavı Sorusu #1227169
Which component of internal control is applied to identify and assess risks to the achievement of objectives?
Control activities |
Control environment |
Information and communication |
Risk assessment |
Monitoring activities |
Yanıt Açıklaması:
Risk Assessment: It is a process to identify and assess risks to the achievement of objectives. Accordingly, this process forms a basis to determine the way of risk management. Because of the numbers and diversity of the risk that the businesses are subject to, risk assessment must be a dynamic and iterative process in this changing environment. The correct answer is D.
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