Which of the following is an appropriate responsibility for the internal audit activity with regard to the organization's risk management program?

Question

Francis Sailer · Accepted Answer

Ensuring that a proper and effective risk management process exists.

Francis Sailer · Answer

Identifying and managing risks in line with the entity's risk appetite.

Francis Sailer · Answer

Attaining an adequate understanding of the entity's key mitigation strategies.

Francis Sailer · Answer

Identifying and ensuring that appropriate controls exist to mitigate risks.

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