Which of the following should be the PRIMARY objective of promoting a risk-aware culture within an organization?
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A. B. C. D.A.
The PRIMARY objective of promoting a risk-aware culture within an organization is to enable risk-based decision making (option A). A risk-aware culture ensures that all stakeholders in the organization understand the risks that the organization faces and are able to make informed decisions based on that understanding.
Option B, increasing process control efficiencies, is a valid objective of promoting a risk-aware culture, but it is not the primary objective. By promoting a risk-aware culture, the organization can identify areas where process control efficiencies can be improved to mitigate risks, but this is a secondary benefit.
Option C, better understanding of the risk appetite, is also a valid objective of promoting a risk-aware culture, but again, it is not the primary objective. A risk-aware culture can help the organization understand its risk appetite, but this is a secondary benefit.
Option D, improving audit results, is not the primary objective of promoting a risk-aware culture. A risk-aware culture can certainly help improve audit results, but this is not the primary objective.
In summary, the PRIMARY objective of promoting a risk-aware culture within an organization is to enable risk-based decision making.