Risk management strategy is approved by the audit committee: The audit committee oversees the organization's risk management activities and approves the risk management strategy. This ensures that the organization's risk management practices align with its overall objectives and that it follows best practices in risk management.
Risk evaluation is embedded in management processes: This means that risk assessment and management are integrated into the organization's overall management practices and decision-making processes. It ensures that risks are identified, evaluated, and addressed at every level of the organization. This approach ensures that risk management is not viewed as a separate activity but as an integral part of the overall organizational strategy.
C. Risk evaluation is embedded in management processes.
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