Question: Chapter 2 2 : JAA Inc. A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk Should the internal audit department report

Chapter 22: JAA Inc.A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk
Should the internal audit department report directly to the Audit Committee or CFO? Explain your answer.
Assume the Board decided they did not need to monitor risks and delegated the function to the CEO. Explain the potential problems.
Evaluate the different risk identification and analysis methods used by JAA. What other methods could be used to improve the program?
How would the Board measure the success of the company's risk management?

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