Accepting residual risk is the most important responsibility of a risk owner, as it implies that the risk owner is accountable for the risk and its impact on the enterprise's objectives and operations. Residual risk is the risk that remains after the implementation of controls, and it should be aligned with the risk appetite and tolerance of the enterprise. The risk owner is responsible for implementing the risk response strategies and monitoring the risk status and outcomes, as well as for reporting and escalating the risk issues and incidents. Testing control design, establishing business information criteria, and establishing the risk register are not the most important responsibilities of a risk owner, but rather the tasks or activities that the risk owner may perform or delegate as part of the risk management process. References = CRISC Certified in Risk and Information Systems Control - Question218; ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 218.

Explanation/Reference:
Explanation:
Direct extraction from the source system involves management monitoring its own controls, instead of auditors/third parties monitoring management's controls. It is preferable over extraction from the system custodian.
Incorrect Answers:
B: Extracting data from the system custodian (IT) after system owner approval, involves auditors or third parties monitoring management's controls. Here, in this management does not monitors its own control.
C, D: These are not data extraction methods.

Senior management interviews would offer the MOST insight with regard to an organization's risk culture, because they can reveal the attitudes, values, beliefs, and behaviors of the senior management towards risk management, and how they influence and support the risk management process and activities in the organization. Senior management interviews can also provide information on the risk appetite, tolerance, and objectives of the organization, and how they are communicated and implemented across the organization. The other options are not as insightful as senior management interviews, because:
* Option A: Risk management procedures are the steps and methods that define how the risk management process and activities are performed in the organization, but they do not necessarily reflect the risk culture of the organization, which is more about the human and behavioral aspects of risk management.
* Option C: Benchmark analyses are the comparisons of the performance and practices of the organization with those of similar or successful organizations, but they do not necessarily reflect the risk culture of
* the organization, which is more about the internal and unique aspects of risk management.
* Option D: Risk management framework is the set of rules and standards that guide and support the risk management process and activities in the organization, but it does not necessarily reflect the risk culture of the organization, which is more about the leadership and commitment aspects of risk management.
References = Risk and Information Systems Control Study Manual, 7th Edition, ISACA, 2020, p. 82.