CERP Practice Questions - Certified Enterprise Risk Professional (CERP) Exam

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Management proposes a mitigation plan, but residual risk would still remain above appetite for several quarters. What is the main governance implication?

The issue can be treated as closed because a plan exists The remaining exposure may require formal escalation, additional action, or documented acceptance by the proper authority Residual risk matters only after external audit review Appetite is irrelevant once remediation starts

Correct Answer:

The remaining exposure may require formal escalation, additional action, or documented acceptance by the proper authority

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