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WebCIMA P3 - Chapter 1 - Risk. Flashcards. Learn. Test. Match. Flashcards. Learn. Test. Match. Created by. katieanntunstall. Terms in this set (38) Define risk. A condition in which there exists a quantifiable dispersion in the possible outcomes from any activity i.e. the chance that future events or results may not be expected. WebThe head is responsible for: Developing an annual audit plan based on an assessment of significant risks. Submitting the plan to the audit committee for approval. Implementing the agreed audit plan. Maintaining a professional audit team with sufficient knowledge, skills and experience to carry out the plan. chinese handheld game to buy
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