The variables structure, culture, and resources pertain to the

According to the IIA Standards, what is the role of internal audit as it relates to risk management?

a) Evaluate the effectiveness of the risk management process. b) Determine the risk appetite of the organization. c) Identify and assess significant risk within the organization. d) Communicate relevant risk information to appropriate people within the organization.

With regard to the hedging principle, which of the following assets should be financed with current

liabilities? A) minimum level of cash required for year round operations B) expansion of accounts receivable to meet seasonal demand C) buildings D) machinery