Assignment 2 Essay

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Assignment 2 (100 marks) [pic][pic] Top of Form Bottom of Form (Covers Modules 1 through 4) Note: Prepare the answers to these assignment questions in Word and save them as one Word document on your hard drive. See Submit assignments and quizzes in the MU1 Assignment/Group Work area for the recommended format and filename. When your file is complete and you are ready to submit it for marking, select your MU1 Assignment/Group Work area and refer to the quick tutorial, Submitting your completed assignment. Question 1 (20 marks) Multiple choice (2 marks each) For this question, select the best answer for each of the unrelated items. Answer each of these items by giving the number of your choice. Note: Complete the multiple-choice questions within the Online Learning Environment in your MU1 Assignment/Group Work area. This portion of the assignment will be automatically graded. Do not include your answers in your Word document as they will not be graded. 1. Which of the following sets out benefits that can be expected to arise from enterprise risk management? a. Reducing operational surprises, improving deployment of capital, and aligning risk appetite and strategy b. Reducing operational surprises, improving deployment of capital, and reducing costs of control c. Improving deployment of capital, aligning risk appetite and strategy, and ensuring that objectives are achieved d. Reducing operational surprises, aligning risk appetite and strategy, and reducing costs of control 2. Which of the following is not considered a component of enterprise risk management? a. Internal environment b. Internal auditing c. Objective setting d. Control activities 3. What should the internal auditor first do in an organization that lacks an established risk management process?

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