Your manager knows you are studying IS auditing processes. The manager is concerned that the organization is accepting more risk than is prudent or...

Your manager knows you are studying IS auditing processes. The manager is concerned that the organization is accepting more risk than is prudent or is consistent with industry norms and standards. The manager is also concerned about the quality assurance. Your manager asks you to explain risk, risk assessment, and quality assurance best practice. How risk assessment would affect the organization and best practiced for quality assurance?