Question

Which group is charged with overseeing the establishment, administration, and evaluation of the processes of risk management and control?

A. Internal auditors.
B. Operating managers.
C. Senior management.
D. External auditors.

Answer 1

Senior management is charged with overseeing the establishment, administration, and evaluation of the processes of risk management and control. Option C

Step-by-step explanation:

The group charged with overseeing the establishment, administration, and evaluation of the processes of risk management and control is Senior Management.

Senior management is responsible for setting the overall strategic goals and objectives of the organization and ensuring that the necessary processes and controls are in place to manage risks effectively. They are also responsible for evaluating the effectiveness of these processes and controls on an ongoing basis. Option C