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Question 688 - IIA-CIA-Part1 discussion

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Which of the following is true about corporate social responsibility (CSR)?

A.

Social and environmental considerations are required parts of an organization's decision making

Answers
A.

Social and environmental considerations are required parts of an organization's decision making

B.

The Global Reporting Initiative provides standards on required disclosures of CSR.

Answers
B.

The Global Reporting Initiative provides standards on required disclosures of CSR.

C.

CSR activities are overseen and managed by operational management.

Answers
C.

CSR activities are overseen and managed by operational management.

D.

Internal auditors can provide assurance on reported sustainability results.

Answers
D.

Internal auditors can provide assurance on reported sustainability results.

Suggested answer: D

Explanation:

Internal auditors can indeed provide assurance on reported sustainability results. This involves evaluating the accuracy and completeness of an organization's sustainability reporting and verifying that the reported information reflects actual performance. This role aligns with the broader assurance and advisory functions of internal audit, ensuring that CSR disclosures are reliable and credible.

The Institute of Internal Auditors (IIA) Standards and Practice Advisories.

Global Reporting Initiative (GRI) Standards.

'Internal Auditing: Assurance & Advisory Services' by IIA, Chapter on CSR and Sustainability Reporting.

asked 03/11/2024
Thanh Phan
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