An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?
A.
Manage and coordinate risk management processes.
B.
Audit risk management processes.
C.
Become involved in risk oversight committees, monitoring activities, and status reporting.
D.
Accept management's responsibility for risk management without board approval.
How the CAE would accept management responsibilities anyways? this is against objectivity even if board approve it. Anyone can explain?
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