What is senior management's role in the RACI model when tasked with reviewing monthly status reports provided by risk owners?

In the RACI model, 'Accountable' means having ultimate ownership of the decision or outcome and being answerable for its completion, often involving approval or sign-off. Senior management's review of risk reports indicates their ultimate responsibility for the overall risk management program and its adherence to organizational objectives.

'Informed' means receiving updates but not having direct responsibility for the outcome, a lesser degree of involvement than senior management typically holds for risk governance.

'Responsible' refers to the person who performs the task, which in this case would be the risk owners who provide the reports, not senior management for the review itself.

'Consulted' implies providing input or advice, which is not the primary role of senior management when reviewing reports that hold others accountable for risk management.