ICA Corporate Governance Cert Practice Questions - ICA Specialist Certificate In Corporate Governance Exam

In the 'Three Lines of Defense' model for governance and risk management, which functions constitute the second line?

Risk management and compliance functions that oversee and monitor risk-taking activities Operational management and front-line business units executing daily business tasks Internal audit providing independent objective assurance to the board External statutory auditors and regulatory enforcement authorities

Correct Answer:

Risk management and compliance functions that oversee and monitor risk-taking activities

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