1. Explain who should be involved in the evaluation of risk management treatment? 30-40 words 2. Sometimes external auditors can be called in to evaluate risk management plans and strategies. What are three advantages of using external auditors?
Activity 1. 1. In a short sentence for each, explain the meaning of these terms: a) Risk b) Risk management c) Risk appetite d) Risk capacity 2. Why should risk management policies and procedures be periodically reviewed? 100words Activity 2.…