Which of the Following Is Correct with Respect to Roles

Multiple Choice

Which of the following is correct with respect to roles within an enterprise-wide risk management process? 1. The board provides oversight to the risk management process. 2. Executive management owns the risk management framework. 3. Senior management is assigned ownership of risks. 4. Internal audit modifies the risk assessment determined by management.

A) 1 and 2 only
B) 3 and 4 only
C) 1, 2, and 3 only
D) 1, 2, 3, and 4