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How can the Board of Directors effectively manage the oversight of risk for an organization? a. Rely solely on top management to provide risk analyses
How can the Board of Directors effectively manage the oversight of risk for an organization?
a. | Rely solely on top management to provide risk analyses to the board for consideration | |
b. | Actively understand the organization's strategy in order to understand the associated risks of doing business | |
c. | Focus only on monitoring financial reporting fraud risks | |
d. | Spend Board meetings listening to presentations relating to risks versus reading materials ahead using the meetings for discussion and open dialogue |
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