Explanation:
The internal audit team acts as the third line of defense in a bank's risk framework. Its primary role involves evaluating and improving the effectiveness of the bank's risk management, control, and governance processes. Reviewing firewalls, verifying safety measures specifically instituted against cyber risks, and scrutinizing organizational governance are classic assurance activities conducted by the internal audit department.
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Q.63 Angela Myer, FRM, works at Pinebridge Bank. She was recently reviewing the bank’s firewalls and safety measures erected to guard against cyber-based data theft. The exercise also entailed an in-depth outlook into governance processes in the bank. Ms. Myer is most likely part of the bank’s:
A
Senior management
B
Risk management department
C
Board of directors
D
Internal audit team
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