The risk remaining after management takes action to reduce the impact and likelihood of an adverse event is called residual risk.
The process an organization uses to determine where it is headed in the coming years, the objectives it hopes to achieve, the methods it will use and its performance measures, is called:
Questions which generally address the control environment, risk assessment, control activities or monitoring are:
To ensure that data is being used as performance indicators accurately and objectively measure desired outputs and outcomes is called:
