Identify and mitigate risks to help meet the CSR program objectives.

Identify and mitigate risks to help meet the CSR program objectives.
A . 1,2, and 3,
B . 1 2, and 4.
C . 1, 3, and 4.
D . 2, 3, and 4.

View Answer

Answer: B

Explanation:

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.

Reference: IIA guidance on the role of internal auditing in corporate social responsibility; Standards on advisory services.