Which of the following most accurately describes the role of the board when it comes to organizational governance?

Which of the following most accurately describes the role of the board when it comes to organizational governance?
A . Responsibility for outcome of the process.
B . Responsibility to be involved in management of the organization.
C . Responsibility to determine who is accountable for outcomes.
D . Responsibility to identify risks in the organization’s business environment

View Answer

Answer: A

Explanation:

The role of the board in organizational governance most accurately involves the responsibility for the outcome of the process. This encompasses overseeing the strategic direction of the organization, ensuring that corporate objectives are met, and that the management’s activities align with the overall strategic vision and risk appetite of the organization. The board’s oversight role is crucial in ensuring effective governance and accountability throughout the organization.

Reference: The Institute of Internal Auditors (IIA) – International Standards for the Professional Practice of Internal Auditing