Risk Management: 2400 Quizzes for Android

11 things about Risk Management: 2400 Quizzes

1. Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events[1] or to maximize the realization of opportunities.

2. According to ISA315 Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement, "the auditor should perform risk assessment procedures to obtain an understanding of the entity and its environment, including its internal control.

3. This is a Combination of sets, containing concepts, practice questions and study cards for exam preparation on the topic of Risk management.

4. This application allows you to expand your Risk management knowledge, widen your Risk sense expertise, improve your practice skills, Broaden your career & academic horizons.

5. Quantitative risk assessment requires calculations of two components of risk (R): the magnitude of the potential loss (L), and the probability (p) that the loss will occur.

6. Risk assessment is the determination of quantitative or qualitative estimate of risk related to a concrete situation and a recognized threat (also called hazard).

7. For audits performed by an outside audit firm, risk assessment is a crucial stage before accepting an audit engagement.

8. -This application is downloaded and used by graduate & undergraduate students, teachers, lecturers, professionals, PhD, researchers, reviewers not only in the US but also in Philippines, Canada, India, Australia, Turkey, Russia, UK, GCC, India, Saudi Arabia, Nigeria, and all over the world.

9. This app is suitable not only for Risk practitioners but also for safety professional, HSE engineer & CPA, CMA, CIA, ACCA, CA, ACA, CFA, CFE, CISA, PMP, AP, CGAP, CRMA, CTP, CPP, CFP candidates.

10. Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.

11. -The Flashcards wording enhances easy understanding to ensure higher exam score.