A. Increased completeness:Correct. Coordination ensures comprehensive risk identification across diverse categories.
B. Business managers can identify and assess risks:While true, this is not a primary advantage for internal audit coordination.
C. The internal audit activity can rely on management's risk assessment:Internal audit should validate, not solely rely on management’s assessment.
D. Organizationwide audits are required:Misrepresents the purpose of risk universe coordination.
CIA Exam Syllabus Reference:
Domain II: Risk Management and Control – Risk Universe.
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