In order to provide the most useful information for an organization’s risk management decisions, which of the following should be assessed?
A. Risk levels for future events based on the degree of uncertainty of those events and their cost of mitigation.
B. Inherent and control risks and their impact on the extent of financial misstatements.
C. Risk levels of current and future events, their effect on the achievement of the organization’s objectives, and their underlying causes.
D. Risk levels of current and future events, their impact on the organization’s mission, and the potential for the elimination of existing risk factors.
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