ACAMS
CAMS · Question #868
CAMS Question #868: Real Exam Question with Answer & Explanation
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Question
What is the primary purpose of a risk appetite statement (RAS) in an organization and how should it be effectively communicated and implemented?
Options
- AAn RAS defines the amount and type of risk an organization is willing to take to achieve its
- BAn RAS is a detailed plan for managing operational risks and does not cover strategic or financial
- CAn RAS is a formal document meant for regulatory compliance that does not influence day-to-day
- DAn RAS is used to outline the risk tolerance limits to external stakeholders and does not need to
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