In the context of GRC, which is the best description of the role of assurance in an organization?

In the context of GRC, which is the best description of the role of assurance in an organization?
A . Allocating financial resources and evaluating their use to manage the organization’s budget better.
B . Providing the governing body with opinions on how well its objectives are being met based on expertise and experience.
C . Designing and monitoring the organization’s information technology systems to be accurate and reliable so management can be assured of meeting established objectives.
D . Objectively and competently evaluating subject matter to provide justified conclusions and confidence.

View Answer

Answer: D

Explanation:

The role of assurance in an organization is to objectively evaluate various subject matters to provide reliable conclusions and build confidence among stakeholders.

Objective Evaluation:

Assurance providers use established standards to impartially assess processes, controls, and systems.

Justified Conclusions:

Conclusions are based on evidence gathered through audits, reviews, or evaluations.

Stakeholder Confidence:

Assurance activities ensure stakeholders can trust that objectives are being met and risks are managed effectively.

Reference: IIA Standards: Emphasizes objectivity and competence in assurance activities.

ISO 19011: Provides guidelines for auditing management systems.