Free IIA-CIA-Part1 Questions Attempt

According to IIA guidance, internal auditors must consider using technology in their audit engagements only when the implementation cost does not exceed the benefits. This approach aligns with the principle of adding value and effectiveness in audit processes while maintaining cost-effectiveness.

The IIA ' s guidelines on the use of technology in auditing, including cost-benefit analysis considerations.

The corporate social responsibility (CSR) strategy of accommodation is associated with responding to outside pressures by assuming additional responsibility. This strategy typically involves making adjustments and accepting responsibilities to address the concerns of external stakeholders, thereby fostering a positive relationship and enhancing the company ' s social license to operate.

CSR strategies and responses in corporate governance literature

The statement that a report, including the results of both internal and external assessments, must be provided to the board annually is true regarding the reporting of results of the quality assurance and improvement program (QAIP) to senior management and the board. Regular reporting of QAIP results ensures that the board is continually informed about the effectiveness and conformance of the internal audit activity with established standards and practices. References: Institute of Internal Auditors (IIA) - Standard 1320 - Reporting on the Quality Assurance and Improvement Program