IIA Exam IIA-CIA-Part1 Topic 2 Question 47 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 47
Topic #: 2

[All IIA-CIA-Part1 Questions]

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

AMany of the areas explored by CSR are normally included in an audit universe or annual audit plan

BDespite significant corporate resources spent on CSR reporting investors generally do not rely on CSR information

CUnlike many other areas of reporting responsibilities impacting stakeholders, CSR is largely voluntary

DTypically operating management does not have a major role to play based on the public nature of reporting

Show Suggested Answer

Suggested Answer: C

by Izetta at Apr 11, 2024, 01:42 AM

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13 hours ago

I think C is the correct answer. CSR is largely voluntary, unlike other areas of reporting that have more regulatory requirements.

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2 days ago

But isn't it important for companies to engage in CSR to build trust with their stakeholders?

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5 days ago

I agree with Alica. CSR is not mandatory, so companies can choose whether or not to participate.

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12 days ago

I think the answer is C) Unlike many other areas of reporting responsibilities impacting stakeholders, CSR is largely voluntary.

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