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May 18, 2021

1. Discuss the importance of: ?Identifying and prioritizing risks is a ke

1. Discuss the importance of: “Identifying and prioritizing risks is a key component of the audit plan”. Is there a process to follow?

2. Discuss this statement: “Establishing baselines and identifying an acceptable level of risk across the environment provides a starting point for the actual audit”. How is this statement true? Where would you start your development of a baseline?

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