IIA Exam IIA-CHAL-QISA Topic 2 Question 5 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam

Question #: 5
Topic #: 2

Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?

AISO 26000

BGlobal Reporting Initiative.

COpen Compliance and Ethics Group.

DCOSO's enterprise risk management framework.

Show Suggested Answer

Suggested Answer: B

Understanding the GRI: The Global Reporting Initiative (GRI) provides a comprehensive framework for reporting on sustainability performance, including social responsibility aspects.

Framework and Standards: GRI standards are widely used and recognized globally, which helps organizations benchmark their performance against other entities using the same framework.

Stakeholder Communication: The GRI framework emphasizes transparency and accountability in reporting, making it an effective tool for informing stakeholders about an organization's social responsibility performance.

Comprehensive Coverage: GRI covers various aspects of social responsibility, including economic, environmental, and social impacts, providing a holistic view of an organization's performance.

The Global Reporting Initiative (GRI) .

by Penney at Jul 01, 2024, 02:32 AM

Limited Time Offer

25%

Off

Get Premium IIA-CHAL-QISA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Howard

7 months ago

Haha, OCEG? Sounds like something you'd find in a Dr. Seuss book! Gotta love those creative acronyms, though. But yeah, I'm with the majority on the GRI being the best choice here.

upvoted 0 times

Mariann

6 months ago

True, but GRI is more specific to social responsibility performance.

upvoted 0 times

...

Ona

6 months ago

ISO 26000 could also be a good option for a more comprehensive approach.

upvoted 0 times

...

Gianna

6 months ago

Yeah, GRI is widely recognized for social responsibility reporting.

upvoted 0 times

...

Elroy

7 months ago

I agree, GRI is a solid choice.

upvoted 0 times

...

Reuben

7 months ago

Hold on, what about that OCEG thing? I've heard it's a pretty comprehensive framework for compliance and ethics. Might be worth considering, no?

upvoted 0 times

Rasheeda

5 months ago

Let's not forget about ISO 26000 and Global Reporting Initiative as well. They could also be effective resources.

upvoted 0 times

...

Ernie

6 months ago

Yeah, I've heard good things about OCEG too. It's worth considering for sure.

upvoted 0 times

...

Mee

6 months ago

I think the OCEG framework could be a good option for improving social responsibility performance.

upvoted 0 times

...

Vicky

6 months ago

C) Open Compliance and Ethics Group.

upvoted 0 times

...

Phung

6 months ago

B) Global Reporting Initiative.

upvoted 0 times

...

Peggie

6 months ago

A) ISO 26000

upvoted 0 times

...

Quentin

7 months ago

I agree with Erasmo. The GRI is definitely the way to go if you want to comprehensively report on your organization's social responsibility performance. Plus, it's the industry standard, so stakeholders will be familiar with it.

upvoted 0 times

...

Isabelle

7 months ago

Hmm, I'm not too sure about that. The COSO framework is more focused on enterprise-wide risk management, so it might not be the best fit for this particular scenario.

upvoted 0 times

Eleonore

7 months ago

B) Global Reporting Initiative is also a strong option for informing stakeholders.

upvoted 0 times

...

Marta

7 months ago

A) ISO 26000 would be a good choice for improving social responsibility performance.

upvoted 0 times

...

Audria

7 months ago

I believe ISO 26000 could also be a good option, as it provides guidance on social responsibility.

upvoted 0 times

...

Paris

7 months ago

I agree with Nieves, the Global Reporting Initiative provides comprehensive guidelines for reporting social responsibility performance.

upvoted 0 times

...

Nieves

8 months ago

I think the Global Reporting Initiative would be the most effective.

upvoted 0 times

...

Erasmo

8 months ago

I think the Global Reporting Initiative (GRI) would be the most effective choice here. It's the leading global standard for sustainability reporting, and it covers a wide range of social responsibility topics.

upvoted 0 times

Aliza

7 months ago

ISO 26000 could also be a good choice, as it provides guidance on social responsibility.

upvoted 0 times

...

Sherita

7 months ago

I agree, the Global Reporting Initiative is a comprehensive standard for sustainability reporting.

upvoted 0 times

...