In this scenario, which of the following statements is true?

An internal auditor at a multinational organization is reviewing the effectiveness of the organization’s risk management framework.

In this scenario, which of the following statements is true?
A . The auditor should consider local cultures and customs in various regions when assessing control effectiveness.
B. Regardless of their location, employees at all levels share responsibility for designing effective controls to mitigate risks.
C. To achieve an effective internal control environment, the organization’s risk management plan must be documented and communicated to all levels throughout each region.
D. Setting clear objectives is a precondition to effectively identifying, assessing, and responding to the organization’s risks.

View Answer

Answer: B