The phrase "assuming oversight" is correct and usable in written English.
It can be used in contexts where one is taking responsibility or acknowledging a lack of attention to detail in a situation.
Example: "Assuming oversight in the project management process can lead to significant delays and errors."
Alternatives: "taking responsibility" or "acknowledging negligence".
The trust is assuming oversight of Cunningham's work and is taking over for the Merce Cunningham Dance Foundation, which will close next year.
Mr. Gallagher said the process of the Federal Reserve assuming oversight of the funds would take too long and was a "false threat".
At a National Health Forum in 1999, the Ghana Health Service disseminated results from the Navrongo experiment and subsequently drafted a policy statement coining the acronym and legitimizing CHPS as a national community health care initiative with the Ghana Health Service (GHS) assuming oversight responsibility.
The shortcomings of this arrangement are now obvious and the FSA will probably assume oversight.
Dean Buresh, chief executive at Marketing Drive, will assume oversight of the Boston office until a successor to Mr. Harris is named.
Stephens was named President and CEO of TGS in 1958 and assumed oversight of sulphur production facilities throughout the United States and Canada.
The agency would assume oversight for about 90 percent of the over-the-counter market, he estimates; today it has few oversight powers.
Mr. Graboff will assume oversight over all of NBC's entertainment operations in California, under the title president of NBC Universal West Coast.
It is the first time a judge has assumed oversight of a private country club's policies and future direction with regard to sex discrimination.
Lawyers for 11 Kuwaiti detainees at Guantánamo Bay, Cuba, have asked Judge Colleen Koflar-Kotelly oFederal District Courtrtoto assume oversight of the military's management of a hunger strike there.
Lucas joined the firm in 2000 as the director of Corporate Communications for Europe and later assumed oversight for Corporate Communications in Asia.
