Which of the following provides the expertise needed to accomplish each component of a project?

Both revenues and gains increase both net income and owners' equity.

a. true b. false

As the organization's risk maturity increases, internal audit

a) Will likely give greater value by concentrating on its assurance role. b) Will be able to stop doing its own annual risk assessment for audit resource allocation. c) Will increase its role in championing ERM. d) Will increase its role in providing risk consulting activities.