Comprehensive and Detailed Step-by-Step Explanation:
Open Discussions of Risks and Opportunities: The best indicator of effective risk management is a culture where management actively identifies, evaluates, and discusses risks and opportunities, integrating them into decision-making processes.
[: IIA Standard 2120: Risk Management emphasizes that risk management should be embedded in organizational culture, supported by open communication., Other Options:, Option B: Policies and procedures are a baseline requirement but do not alone indicate effectiveness., Option C: Implementing risk management processes is important but does not confirm their operational effectiveness., Thus, the correct answer is A., , ]
Submit