A multinational organization has asked the internal audit activity to assist in setting up the organization's risk management system. The chief audit executive (CAE) agrees to take on the engagement as a consultant. Which of the following tasks is appropriate for the CAE to undertake?

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AARON MCCOMBS · Accepted Answer

Coordinate and facilitate risk workshops for management to attend.

AARON MCCOMBS · Answer

Establish the degree of risk appetite for management to accept.

AARON MCCOMBS · Answer

Set risk indicators and mitigation plans for management to implement

AARON MCCOMBS · Answer

Determine the number of significant risks for management to report to the board.

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