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According to MA guidance, which of the following statements is true regarding an effective governance...

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According to MA guidance, which of the following statements is true regarding an effective governance process?

A.

It stipulates that risk needs to be considered when making strategic decisions.

B.

It encourages strict segregation of the risk management and internal control processes.

C.

It relies on effective risk management when establishing the organization's risk appetite.

D.

It relies on the board to devise ways to communicate the effectiveness of internal controls.

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