Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing — Question 166

Which mindset promotes the most comprehensive risk management strategy?

Answer options

• A. Increase shareholder value.
• B. Maximize market share.
• C. Improve operational efficiency.
• D. Mitigate losses.

Correct answer: D

Explanation

The correct answer is D, as mitigating losses directly addresses risk management by aiming to minimize negative impacts. The other options focus on growth and efficiency, which, while important, do not prioritize the proactive management of risks.