IIA-Certification in Control Self-Assessment Set 6

Which activities are designed and implemented to reduce, or otherwise manage, risk at levels that were determined to be acceptable to the management and board?

A process to identify events potentially affecting the entity and manage risk within its risk appetite is known as:

 

The degree of risk on a board-based level, which a company or other entity is willing to accept in pursuit of its goals, is referred to as:

Enterprise risk management helps an entity to achieve its performance and profitability targets but lower prevents loss of resources.

Which of the following is NOT the entity's objective that is consistent with the entity's risk appetite?

To relate high-level goals, aligned with and supporting the entity's mission/vision is called:

Compliance is related to the company's compliance with applicable laws and regulations.

Risks are accessed on both an inherent and a residual basis and the assessment considers both risk likelihood impact.

Effective and efficient use of the entity's resources is called:

_____________ define specific organizational goals and should be reasonably obtainable and contain execution strategies.