According to IIA guidance, which of the following is most critical to ensuring that an organization's risk management program remains effective over time?
A.
Ensuring a fully executed assurance role for the internal audit activity.
B.
Conducting risk evaluations that include ranking the relative importance of each risk.
C.
Establishing a risk management function and appointing a chief risk officer.
D.
Conducting a combination of ongoing risk reviews and individual evaluations.
Ensuring an organization's risk management program remains effective over time is most critically supported by conducting a combination of ongoing risk reviews and individual evaluations. This approach allows for continuous monitoring and updating of the risk landscape, ensuring that the risk management processes adapt to changes in both internal and external conditions.
IIA guidance on effective risk management practices
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