Questões de Inglês

Pesquise questões de concurso nos filtros abaixo

Listagem de Questões de Inglês

Internal audit’s role in ESG reporting


Conversations and focus on sustainability, typically grouped into environmental, social and governance (ESG) issues, are quickly evolving — from activist investor groups and inquisitive regulators pushing for change to governing bodies and C-suite executives struggling to understand and embrace the concept. At the forefront of this new risk area is pressure for organizations to make public commitments to sustainability and provide routine updates to ESG-related strategies, goals, and metrics that are accurate and relevant. However, ESG reporting is still immature, and there is not a lot of definitive guidance for organizations in this space. For example, there is no single standard for what should be reported.


 What is clear is that strong governance over ESG — as with effective governance overall — requires alignment among the principal players as outlined in The Internal Institute of Auditors (IIA) Three Lines Model. As with any risk area, internal audit should be well-positioned to support the governing body and management with objective assurance, insights, and advice on ESG matters.


Embarking on the ESG journey


Efforts to mitigate the accelerating effects of climate change and address perceived historical social inequities are two powerful issues driving change globally. These movements have enhanced awareness of how all organizations impact, influence, and interact with society and the environment.

They also have spurred organizations to better recognize and manage ESG risks (i.e., risks associated with how organizations operate in respect to their impact on the world around them). This broad risk category includes areas that are dynamic and often driven by factors that can be difficult to measure objectively.

Still, there is growing urgency for organizations to understand and manage ESG risks, particularly as investors and regulators focus on organizations producing high-quality reporting on sustainability efforts. What’s more, that pressure is being reflected increasingly in executive performance as more organizations tie incentive compensation metrics to ESG goals.

As ESG reporting becomes increasingly common, it should be treated with the same care as financial reporting. Organizations need to recognize that ESG reporting must be built on a strategically crafted system of internal controls and accurately reflect how an organization’s ESG efforts relate to each other, the organization’s finances, and value creation.

Internal audit can and should play a significant role in an organization’s ESG journey. It can add value in an advisory capacity by helping to identify and establish a functional ESG control environment. It also can offer critical assurance support by providing an independent and objective review of the effectiveness of ESG risk assessments, responses, and controls.

Source: Adapted from https://na.theiia.org/about-ia/PublicDocuments/WhitePaper-Internal-Audits-Role-in-ESG-Reporting.pdf



According to the text, “C-suite executives” (first paragraph), that is, those in top positions within a company, have been:

Considering the previous text, judge the following item. 



In the sentence ‘They are blunting cognition and impeding productivity’ (ninth paragraph), the pronoun ‘They’ refers to the “nine out of 10 people in the UK who own a smartphone” (seventh paragraph).

Internal audit’s role in ESG reporting


Conversations and focus on sustainability, typically grouped into environmental, social and governance (ESG) issues, are quickly evolving — from activist investor groups and inquisitive regulators pushing for change to governing bodies and C-suite executives struggling to understand and embrace the concept. At the forefront of this new risk area is pressure for organizations to make public commitments to sustainability and provide routine updates to ESG-related strategies, goals, and metrics that are accurate and relevant. However, ESG reporting is still immature, and there is not a lot of definitive guidance for organizations in this space. For example, there is no single standard for what should be reported.


 What is clear is that strong governance over ESG — as with effective governance overall — requires alignment among the principal players as outlined in The Internal Institute of Auditors (IIA) Three Lines Model. As with any risk area, internal audit should be well-positioned to support the governing body and management with objective assurance, insights, and advice on ESG matters.


Embarking on the ESG journey


Efforts to mitigate the accelerating effects of climate change and address perceived historical social inequities are two powerful issues driving change globally. These movements have enhanced awareness of how all organizations impact, influence, and interact with society and the environment.

They also have spurred organizations to better recognize and manage ESG risks (i.e., risks associated with how organizations operate in respect to their impact on the world around them). This broad risk category includes areas that are dynamic and often driven by factors that can be difficult to measure objectively.

Still, there is growing urgency for organizations to understand and manage ESG risks, particularly as investors and regulators focus on organizations producing high-quality reporting on sustainability efforts. What’s more, that pressure is being reflected increasingly in executive performance as more organizations tie incentive compensation metrics to ESG goals.

As ESG reporting becomes increasingly common, it should be treated with the same care as financial reporting. Organizations need to recognize that ESG reporting must be built on a strategically crafted system of internal controls and accurately reflect how an organization’s ESG efforts relate to each other, the organization’s finances, and value creation.

Internal audit can and should play a significant role in an organization’s ESG journey. It can add value in an advisory capacity by helping to identify and establish a functional ESG control environment. It also can offer critical assurance support by providing an independent and objective review of the effectiveness of ESG risk assessments, responses, and controls.

Source: Adapted from https://na.theiia.org/about-ia/PublicDocuments/WhitePaper-Internal-Audits-Role-in-ESG-Reporting.pdf



Based on the information provided by the text, mark the statements below as true (T) or false (F).
( ) One of the hurdles of ESG issues is that they have been restricted to a single group of experts.
( ) There has been such a great demand for publicizing government efforts towards ESG that reports have become accurate and systematized.
( ) Part of the internal auditor’s job is to be knowledgeable enough in the area of ESG so as to be able to provide solid guidance to those in charge of the administration.

The statements are, respectively:

      In a world where many of us are glued to our smartphones, Dulcie Cowling is something of an anomaly — she has ditched hers. The 36-year-old decided at the end of last year that getting rid of her handset would improve her mental health. So, over Christmas she told her family and friends that she was switching to an old Nokia phone that could only make and receive calls and text messages. 

      She recalls that one of the pivotal moments that led to her decision was a day at the park with her two boys, aged six and three: “I was on my mobile at a playground with the kids and I looked up and every single parent — there was up to 20 — were looking at their phones, just scrolling away,” she says. 

      “I thought ‘when did this happen?’. Everyone is missing out on real life. I don’t think you get to your death bed and think you should have spent more time on Twitter, or reading articles online.”

      Ms Cowling, who is a creative director at London-based advertising agency Hell Yeah!, adds that the idea to abandon her smartphone had built up during the covid-19 lockdowns.

      “I thought about how much of my life is spent looking at the phone and what else could I do. Being constantly connected to lots of services creates a lot of distractions, and is a lot for the brain to process.”

      She plans to use the time gained from quitting her smartphone to read and sleep more.

      About nine out of 10 people in the UK now own a smartphone, a figure broadly replicated across the developed world. And we are glued to them — one recent study found that the average person spends 4.8 hours a day on their handset.

      Yet for a small, but growing number of people, enough is enough.

      Alex Dunedin binned his smartphone two years ago. “Culturally we have become addicted to these tools,” says the educational researcher and technology expert. “They are blunting cognition and impeding productivity.”

      He has become happier and more productive since he stopped using a smartphone, he says. 

      Mr Dunedin doesn’t even have an old-fashioned mobile phone or even a landline anymore. He is instead only electronically contactable via emails to his home computer. 

     “It has improved my life,” he says. “My thoughts are freed up from constantly being cognitively connected to a machine that I need to feed with energy and money. I think that the danger of technologies is that they are emptying our lives.” 

      Yet, while some worry about how much time they spend on their handset, for millions of others they are a godsend. 

      “More than ever, access to healthcare, education, social services and often to our friends and family is digital, and the smartphone is an essential lifeline for people,” says a spokesperson for UK mobile network Vodafone. 

      “We also create resources to help people get the most from their tech, as well as to stay safe when they’re online — that’s hugely important.” 


Suzanne Bearne. The people deciding to ditch their smartphones.
Internet: <www.bbc.com> (adapted). 





Considering the previous text, judge the following item.



It was when Dulcie Cowling was in the park with her two kids that she took her decision to ditch her smartphone and then she told her family and friends about it after Christmas.

Considering the previous text, judge the following item.



People who are giving up on their mobile devices believe they were spending too much time with being connected and they were missing their real lives because of that.

Navegue em mais matérias e assuntos

{TITLE}

{CONTENT}

{TITLE}

{CONTENT}
Estude Grátis