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Exam IIA-CIA-Part3 All QuestionsBrowse all questions from this exam

Question 40

Which of the following statements is true regarding the roles and responsibilities associated with a corporate social responsibility (CSR) program?

The board has overall responsibility for the internal control processes associated with the CSR program.

Management has overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with the CSR program.

The internal audit activity is responsible for ensuring that CSR principles are integrated into the organization's policies and procedures.

Every employee has a responsibility for ensuring the success of the organization's CSR objectives.

Correct Answer: B

Management holds the overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with a CSR program. While the board oversees these processes, it is management's role to ensure their implementation and effectiveness. Internal audit activity supports by reviewing these processes, and employees contribute to the CSR objectives, but the ultimate responsibility lies with management.

Discussion

GurpreetKalraOption: A

I don't believe D is right, it should be A. Thoughts ?

sundprOption: D

D is right from Part 2

sed999Option: D

part 2 question, answer D

CrazyhydraOption: B

B is correct answer? I don't think requiring all employees to "ensure" the effectiveness of CSR is reasonable.

TicoOption: B

A is incorrect because the board's role is to oversee, not to take responsibility for respective internal control processes.