Which domain is NOT explicitly mentioned in relation to risks that internal audit must evaluate?

The option referring to market positioning is not explicitly mentioned in relation to the risks that internal audit must evaluate. Internal audits typically focus on several core areas, including compliance with laws and regulations, the achievement of strategic objectives, and the reliability and integrity of information. These domains are critical to ensuring that organizations operate effectively, efficiently, and within the legal framework.

Compliance with laws and regulations ensures that an organization adheres to external legal requirements and internal policies, helping to mitigate the risk of legal penalties and reputational damage. The achievement of strategic objectives relates to how effectively an organization meets its defined goals and strategies, which is vital for long-term success. Reliability and integrity of information pertain to the accuracy and dependability of data used for decision-making, which is essential for transparency and accountability.

In contrast, market positioning focuses more on the competitive stance of an organization within its industry rather than on internal controls or risk management areas that internal audits evaluate. While market positioning can impact organization strategies and overall outcomes, it does not directly fall within the traditional scope of internal audit risks.