According to ISO 31000, which of the following statements is correct?

Question

Martin Ng · Accepted Answer

The framework is designed to be effective for organizations no matter how small.

Martin Ng · Answer

The board is responsible for setting the organizational attitude through tone at the top,

Martin Ng · Answer

The internal audit activity will provide assurance over operating effectiveness but not over the design of risk management activities,

Martin Ng · Answer

The internal audit activity can give objective assurance on any part of the risk management framework for which it is responsible.

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