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Which of the following is NOT considered a type of control in risk management?

Procedures

Standards

Training Programs

Training programs are not typically classified as a direct type of control in risk management. Instead, they serve as a means to enhance awareness and capability among employees regarding risks and internal controls.

In contrast, procedures, standards, and policies are recognized as control types because they establish structured guidelines and protocols to mitigate risks. Procedures provide step-by-step instructions on how to perform specific tasks while adhering to standards which set measurable criteria for performance. Policies, on the other hand, create a framework for decision-making and behavior that aligns with the organization's risk management strategy.

While training programs are vital for ensuring that individuals understand and can follow these controls effectively, they do not inherently serve as a control mechanism themselves, but rather support the implementation of existing controls.

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