Answer (B) is correct . “Effectiveness of risk management, control, and governance processes is present if management directs processes in such a manner as to provide reasonable assurance that the organization’s objectives and goals will be achieved. In addition to accomplishing the objectives and planned activities, management directs by authorizing activities and transactions, monitoring resulting performance, and verifying that the organization’s processes are operating as designed” (PA?2100-1).
Answer (A) is incorrect because The adequacy of risk management processes concerns planning and design by management that provides reasonable assurance that objectives and goals will be achieved efficiently and economically.
Answer (C) is incorrect because The adequacy of risk management processes concerns planning and design by management that provides reasonable assurance that objectives and goals will be achieved efficiently and economically.
Answer (D) is incorrect because The adequacy of risk management processes concerns planning and design by management that provides reasonable assurance that objectives and goals will be achieved efficiently and economically.
|
