Exam 34: Accounting for Corporate Social Responsibility

Guthrie and Parker (1990)undertook a comparative analysis of corporate social-disclosure practices in the USA,the UK and Australia.Their findings include:

Social-responsibility reporting includes reporting about factors such as:

Sustainable cost has been defined by Gray and Bebbington as:

The body/bodies that have been proactive in providing environmental reporting guidelines/framework include:

A sustainability report is an example of a stand-alone social report.

Explain how the move to sustainability accounting detracts from the entity assumption adopted in financial reporting.

Discuss the development of the Equator Principles and how they are applied to project financing.

Companies are required to disclose information about payments to directors and executives and the average wage level for their major classes of employees by function within the organisation.

The Global Reporting Initiative is:

The National Greenhouse and Energy Reporting Act 2007 (Cwlth)(NGER Act)includes all of the following objectives except for to:

It is common for 'clean-up' costs to be excluded from traditional financial reports of mining firms because this undertaking is purely voluntary.

Freeman and Reed provide a broad definition of 'stakeholders' as follows: 'any identifiable group or individual who can affect the achievement of an organisation's objectives,or is affected by the achievement of an organisation's objectives'.

Gray,Owen and Adams define accountability as 'the duty to provide an account or reckoning of those activities that have been undertaken by an entity in a specified period of time'.