BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Appropriateness of the information.
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Timeliness of the information.
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Accessibility of the information.
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Accuracy and reliability of the information.
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Detailed explanation-1: -Senior management should inform the board of decisions about all significant issues raised by internal auditing. 5. When the CAE believes that senior management has accepted a level of risk that the organization considers unacceptable, the CAE must discuss the matter with senior management as stated in Standard 2600.
Detailed explanation-2: -Vision: The entity’s aspirations for its future state or what the organization aims to achieve over time.
Detailed explanation-3: -The Management Group, consisting of the President (Chair) and those responsible for the various business areas, bears the responsibility for implementing risk management, monitoring operational risks and measures related to risks.
Detailed explanation-4: -Who is responsible for risk management in an organization? Which community of interest usually takes the lead in information security risk management?-In an organisation, it is the responsibility of each community of interest to manage the risks that an organisation encounters.