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PART 1:
RISK OWNERSHIP
****PLEASE USE 137 WORDS TO COMPLETE THIS PART****
• Briefly explain each component of risk ownership, which are Governance, Responsibility, Accountability, and Authority. Please provide an example of each component.
• Briefly explain the two factors that affect risk ownership the most, which are risk appetite and risk tolerance. Please provide examples of the sources of the two.
***Please make sure to only use WEBSITE sources***
***DO NOT USE BOOKS as sources for this assignment***
PART 2:
RESIDUAL RISK
****PLEASE USE 137 WORDS TO COMPLETE THIS PART****
Describe how residual risk relates to inherent risk, risk appetite, and risk tolerance. Provide the following 3 comparisons:
• Residual Risk & Inherent Risk
• Residual Risk & Risk Appetite
• Residual Risk & Risk Tolerance
For residual risk & risk appetite, describe how residual risk should be managed and what are the two organizational factors that influence this decision?
***Please make sure to only use WEBSITE sources***
***DO NOT USE BOOKS as sources for this assignment***
ASSIGNMENT INSTRUCTIONS
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****This assignment should be writing from Scratch****
****Please do not use examples found on different websites such as Coursehero or any other websites****

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