Which of the following statements is true regarding the role of the internal audit activity in the organization's risk management process?

Question

Caridade Martins · Accepted Answer

The internal audit activity may coach management on risk response scenarios if safeguards have been implemented.

Caridade Martins · Answer

The internal audit activity should not be responsible for developing the organization's risk management framework, even with appropriate safeguards.

Caridade Martins · Answer

The internal audit activity is typically responsible for alerting operational management to emerging risks and changes in regulatory scenarios

Caridade Martins · Answer

The internal audit activity should avoid giving assurance regarding the accuracy of risk evaluations if safeguards have not been implemented.

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