Multiple Choice
Which of the following is true regarding roles and responsibilities in risk management processes?
A) Setting strategic direction resides with senior management.
B) Ownership of risks resides with the board.
C) Acceptance of residual risk resides with executive management level.
D) Identifying, assessing, mitigating and monitoring activities on a continuous basis rests with the internal audit activity.
Correct Answer:
Verified
Correct Answer:
Verified
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