governance

Learning objectives: Evaluate the relationship between a firm’s risk appetite and its business strategy, including the role of incentives. Illustrate the interdependence of functional units within a firm as it relates to risk management. Assess the role and responsibilities of a firm’s audit...

Learning objectives: Describe the key elements of effective governance over stress testing. Describe the responsibilities of the board of directors and senior management in stress testing activities. Identify elements of clear and comprehensive policies, procedures, and documentations on stress...

Concept: These on-line quiz questions are not specifically linked to learning objectives, but are instead based on recent sample questions. The difficulty level is a notch, or two notches, easier than bionicturtle.com's typical question such that the intended difficulty level is nearer to an...

Questions: 606.1 In June 2016, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) published a draft update of its Enterprise Risk Management (ERM) Integrated Framework. (The Committee of Sponsoring Organizations of the Treadway Commission (COSO) and World Business...

Learning outcomes: Explain the potential benefits of having effective risk data aggregation and reporting. Describe key governance principles related to risk data aggregation and risk reporting practices. Questions: 511.1. Among the Basel Committee's Principles for effective risk data...