Which of the following helps identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives?
A. Risk aversion
B. Risk benchmarking
C. Risk assessment
D. Risk minimization
Answer:C
Which of the following helps identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives?
A. Risk aversion B. Risk benchmarking C. Risk assessment D. Risk minimization