With Regard to Operational Risk Awareness, Which of the Following

question 403

Multiple Choice

With regard to operational risk awareness, which of the following best practices is incorrect?

• A) A report describing operational risks, the most significant incidents and corrective plans of action should be established on a quarterly basis.
• B) It is good practice to collect and analyze incidents and near-misses so as to set up preventive action plans for the future.
• C) Every time a report describing operational risks is produced, it should be provided to senior management.
• D) Whenever possible action plans should be put in place that mitigate operational risks that have been identified.

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Definitions:

Duty of Confidentiality

The legal obligation of attorneys to not disclose information related to the representation of a client.

Key Suspect

An individual believed to have played a significant role in committing a crime and is the focus of a criminal investigation.

Adequate Attorney Supervision

Refers to the requirement that lawyers must properly oversee the work of their subordinates, ensuring it meets legal standards and ethics.

Supervising Attorney

A lawyer who has responsibility for overseeing the work of other attorneys, paralegals, and legal staff within a law firm or legal department, ensuring compliance with legal standards and practices.