Which of the following statements is true regarding risk management frameworks?

Question

Suneth Jayalath · Accepted Answer

The organization should ensure that its risk management framework is designed specifically to meet the needs of its operations.

Suneth Jayalath · Answer

The organization should ensure that it uses a universally-accepted risk management framework.

Suneth Jayalath · Answer

The organization should ensure that the board is responsible for implementing the risk management framework.

Suneth Jayalath · Answer

The organization should ensure that the risk management framework has been validated by the internal audit activity for implementation.

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