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What best describes residual risk

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Problem 1: What best describes residual risk?

a. None of the above describes residual risk

b. A component of overall audit risk

c. Risks that, if properly managed, will make the organization successful in the achievement of its objectives or, if not well managed, it (the organization) will not achieve its objectives

d. Risk that cannot be mitigated

Reference no: EM132676724

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