企业社会责任与财务绩效(CSR and Firms Financial Performance) [9]
论文作者:英语论文论文属性:本科毕业论文 Thesis登出时间:2015-07-08编辑:Karlie点击率:20952
论文字数:6572论文编号:org201507071612154839语种:英语 English地区:澳大利亚价格:免费论文
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摘要:本论文主要阐述了企业社会责任与财务绩效,先用书中的释义解释了企业社会责任的意义与重要性,接着论述了企业的财务绩效,最后讨论了两者的关系与互相作用
time frame. More and more companies accepted CSR as an integrated part of their business process. This journey of constant progress continued still date and with the passage of time it will grow further.
Assurance on CSR Report
The term Corporate Social Responsibility is a part of sustainability policy of a firm. A firm depends directly on the society for attaining all four basic requires component which are Man, Material, Money/capital and land. So it is the duty of business to take certain responsibility toward society. Many argue and by providing goods and services, business fulfils all its responsibility. It also provides employment opportunities that further helps in upgrading live standards of the employees. As a result the whole economy gets benefited. But is this the only responsibility of corporations toward society? Different thinkers gave their on views, but now all the nations as well as corporate bodies has identified the fact that business should think more seriously about their responsibilities toward society. For his along with the financial statement, firms publish their CSR report. This report gives all the details regarding the investment made by company for the betterment of their stakeholders and the environment. The stakeholders are asked to give their response toward CSR report and then to rank the corporation. To understand the fact that why companies ask assurance for their CSR report and how the stakeholders take this whole concept, a global survey was conduced by PWC. In this survey altogether 50 companies participated from 18 different countries. 77% of the participant companies reported that their CSR report contains an assurance statement. Among these around 45% provides separate assurance report from eternal sources. These assurance providers are the audit firms which have good reputation in the market. In Australia and UK, the consultancy firms have strong position for providing assurance for Corporate Responsibility report, where as n countries like Europe, companies rely more on the audit firms for providing assurance statement to their CSR report. This is because the companies in Europe publish their CSR report as a part of the annual report. When the question was asked that why these companies provides assurance statement along the CSR report, major of them answer that this enhance the credibility. Another importance factor disclosed by them was that such assurance provides internal assurance on performance data and systems; some other answers that this is just company's policy and some other said that this is the demand of stakeholders.
Sustainability assurance is a special type of non-financial assurance. With realisation the requirement of assurance, many important auditing standards where incorporated and one such standard is ISAE 3000. This standard specifies the special requirement for auditing sustainability of a firm. It was made mandatory that the audit team should be multidisciplinary and independence of auditor is essential. The CSR reporting is at developmental stage so with the passage of time further modification are quite possible. The main problem for the auditors is that the data for CSR originates from different department, the there is lack of transparency which hinders robustness of the CSR report. Thus the stakeholders have to come up and have to actively participate in the process of auditing of CSR through stakeholders' panel (PWC, 2007).
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