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Exam IIA-CIA-Part1 Topic 3 Question 263 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam
Question #: 263
Topic #: 3
According to IIA guidance, which of the following corporate social responsibility (CSR) evaluation activities may be performed by the internal audit activity?
1. Consult on CSR program design and implementation.
2. Serve as an advisor on CSR governance and risk management.
3. Review third parties for contractual compliance with CSR terms.
4. Identify and mitigate risks to help meet the CSR program objectives.

Suggested Answer: B Vote an answer

According to IIA guidance, the internal audit activity can consult on CSR program design and implementation, serve as an advisor on CSR governance and risk management, and identify and mitigate risks to help meet the CSR program objectives. These roles enable the internal audit to add value through both advisory and assurance services regarding CSR, aligning with their expertise in governance, risk management, and control.
IIA guidance on the role of internal auditing in corporate social responsibility; Standards on advisory services.

by justwantedtosaythat at May 25, 2025, 12:58 PM

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justwantedtosaythat
2025-05-25 12:58:33
Selected Answer: A
Why would the IA Activity "Identify" and "Mitigate" risks to meet CSR program objectives? This is not a role of IA but management.
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