D. Evaluate maturity of the risk management process
The primary reason a risk practitioner would be interested in an internal audit report is to evaluate the maturity of the risk management process. Internal audit reports typically provide insights into the effectiveness of an organization's internal controls, compliance with policies and regulations, and the overall risk management framework. By reviewing these reports, a risk practitioner can assess how well the organization is managing its risks and whether the risk management process is mature and robust.
While the other options (A, B, and C) may also have relevance, they are not the primary focus of an internal audit report. Maintaining a risk register based on noncompliances (option A) might involve tracking issues identified in the audit report, but it's a reactive measure. Planning awareness programs for business managers (option B) may be valuable for risk education but isn't the primary purpose of the audit report. Assisting in the development of a risk profile (option C) could be a secondary outcome of the audit report, but it's not the primary reason for reviewing it. The primary focus of an internal audit report is to assess the maturity and effectiveness of the risk management process.
D. evaluate maturity of the risk management process
The PRIMARY reason a risk practitioner would be interested in an internal audit report is to "D. evaluate maturity of the risk management process." Internal audit reports provide insights into the effectiveness and maturity of an organization's internal controls, risk management practices, and compliance with established policies and procedures. By reviewing internal audit findings and recommendations, the risk practitioner can assess how well risks are being managed, identify control gaps or weaknesses, and determine the overall effectiveness of the risk management process.
C. assist in the development of a risk profile
An internal audit report can provide valuable insights into control weaknesses, non-compliance issues, and potential risks within the organization. These findings can significantly contribute to the development of a comprehensive risk profile. This profile helps the risk practitioner understand the organization's risk landscape and inform risk management strategies.
Even the questions are punctuated wrongly. Terrible.
The PRIMARY reason, a risk practitioner would be interested in an internal audit report is to: (who puts a comma after reason?)
The answer is : "A" :maintain a risk register based on noncompliance: Pls check CRISC REVIEW MANUAL PAGE 160Csection 4.5.2 : Updates to the risk register, risk action plans and enhancement of controls
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