IIA-CIA-Part1 Exam QuestionsBrowse all questions from this exam

IIA-CIA-Part1 Exam - Question 291


With regard to governance, which of the following is a board-level responsibility rather than a management responsibility?

Show Answer
Correct Answer: A

Obtaining assurance on external financial, regulatory, and internal audits is generally a board-level responsibility. The board of directors seeks assurance that the organization is adhering to required standards and regulations, which involves oversight of financial reporting and compliance processes. On the other hand, complying with laws, regulations, and codes is typically a management responsibility as these tasks involve day-to-day operations and ensuring that the organization's activities align with legal and regulatory requirements.

Discussion

1 comment
Sign in to comment
abdullah01Option: A
Mar 11, 2024

A is better