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Why is the concept of residual risk important? Select one: a

Accounting

Why is the concept of residual risk important? Select one: a. Because the cost-benefit analysis supporting control design is part of the measure of residual risk. b. Because residual risk is difficult to measure c. Because residual risk is all of the risk that remains after controls are established. d. Because the risk that remains after control design and implementation needs to be acceptable to senior management

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