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CAMS · Question #735
CAMS Question #735: Real Exam Question with Answer & Explanation
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Question
What is the purpose of a Risk Appetite Statement (RAS) and its linkages while implementing organizational controls? (Select Two.)
Options
- AAn RAS formalizes a risk appetite statement from management and informs the Board of
- BAn RAS establishes a desired level of risk exposure in qualitative terms, covering all areas of
- CAn RAS sets limits for risk-taking by means of quantitative and qualitative metrics so that the
- DAn RAS establishes a management-approved policy that identifies the organization's risk
- EAn RAS sets limits in terms of residual risk and thus is strongly intertwined with the efficacy of the
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