Learn why establishing an enterprise-wide ethics training and awareness program is the most important action to foster an ethical, risk-aware culture. Get insights from a CRISC Exam expert.
Table of Contents
Question
Which of the following is the MOST important course of action to foster an ethical, risk-aware culture?
A. Establish an enterprise-wide ethics training and awareness program.
B. Ensure the alignment of the organization’s policies and standards to the defined risk appetite.
C. Implement a fraud detection and prevention framework.
D. Perform a comprehensive review of all applicable legislative frameworks and requirements.
Answer
A. Establish an enterprise-wide ethics training and awareness program.
Explanation
This is because an ethical, risk-aware culture is fundamentally about people’s behavior and understanding. An enterprise-wide ethics training and awareness program ensures that all employees understand the ethical standards and risk management principles of the organization. It helps to instill a mindset of ethical behavior and risk awareness in every employee, regardless of their role or level in the organization.
While the other options are also important components of a risk management strategy, they are not as directly focused on fostering an ethical, risk-aware culture. Option B is more about aligning organizational policies with risk appetite, which is a part of risk management but does not directly foster an ethical culture. Option C is focused on fraud prevention, which is a specific aspect of risk management. Option D is about compliance with laws and regulations, which is necessary but not sufficient to foster an ethical, risk-aware culture.
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