MCQ Pls Help ACC495: Corporate Governance and Risk Management

Which of these is the most appropriate technique to help an entity identify trends, volatility and disruptions? Stress Testing. SWOT. PESTLE. Scenario Planning. In a large global organization, who has the primary responsibility of identifying individual risk owners and making sure appropriate risk control activities are carried out? Chief Financial Officer. Chief Internal Auditor. Chief Risk Officer. Chief Executive Officer. Which of the following control can reduce the risk of system failure? Data backup. User acceptance test. System manual. Communication and training. Which of the following do not have day-to-day ownership and management of risks and controls to facilitate the achievement of business and operational objectives? Purchasing Executive. Compliance Officer. Treasury Manager. Credit Controller. Which of the following statements is not correct? Director who has an immediate family member currently employed by the company as a senior executive is not independent. Director who owns and runs a professional firm providing significant services to the company is not independent. Independent directors make up a majority of the Board where the Chairman is not independent. Director who has served continuously for more than 9 years is not independent