Which of the following statements is false regarding roles and responsibilities pertaining to risk management and control?

Question

Options

• ASenior management is charged with overseeing the establishment risk management and control
• BThe chief audit executive is responsible for overseeing the evaluation risk management and
• COperating managers are responsible for assessing risks and controls in their departments.
• DInternal auditors provide assurance about risk management and control process effectiveness.

• A
  94% (34)
• C
  3% (1)
• D
  3% (1)

Explanation

The statement that "Senior management is charged with overseeing the establishment risk management and control processes" is false. Senior management is typically responsible for establishing risk management and control processes, not just overseeing them. The board or its committees usually have the oversight role.

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