According to the 2017 COSO ERM Report, management is responsible for exercising oversight over strategy and risk management activities.

Question

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According to the 2017 COSO ERM (Enterprise Risk Management) Framework, it is the board of directors that is primarily responsible for exercising oversight over strategy and risk management activities, not management. Management is responsible for implementing the risk management practices under the oversight of the board.

According to the 2017 COSO ERM Report, Management Is Responsible