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The Role Of Audit In Increasing The Corporate Social Responsibility

Author

Listed:
  • Nina Adriana Buică

    (University of Craiova, Doctoral School of Economics, Faculty of Economics and Business Administration, Economy Craiova, Romania)

  • Marioara Avram

    (University of Craiova, Doctoral School of Economics, Faculty of Economics and Business Administration, Economy Craiova, Romania)

  • Magdalena Mihai

    (University of Craiova, Doctoral School of Economics, Faculty of Economics and Business Administration, Economy Craiova, Romania)

  • Cristian Drăgan

    (University of Craiova, Doctoral School of Economics, Faculty of Economics and Business Administration, Economy Craiova, Romania)

Abstract

Investors use information presented in integrated reports to assess the manner in which companies create value in the context of corporate social responsibility and their decisions are marked by the truthfulness and quality of information provided by companies. Consequently, financial auditors have the role to provide assurance and credibility not only on the financial information presented within the financial statements, but also on the non-financial information published by companies. Based on the knowledge they gain on the audited client, the auditors are qualified to evaluate the link between the way the business strategy is carried out, corporate performance sand the impact of non-financial information upon sustainable development and also the deriving consequences from the corporate social responsibility point of view.This paper aims to make an analysis of the way in which financial auditors contribute to increasing the corporate social responsibility of companies through auditing non-financial reports they issue

Suggested Citation

  • Nina Adriana Buică & Marioara Avram & Magdalena Mihai & Cristian Drăgan, 2020. "The Role Of Audit In Increasing The Corporate Social Responsibility," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(48), pages 108-120, December.
    • Handle: RePEc:aio:aucsse:v:2:y:2020:i:48:p:108-120
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    File URL: http://feaa.ucv.ro/annals/v2_2020/009.pdf
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    References listed on IDEAS

    as
    1. Alexander Dahlsrud, 2008. "How corporate social responsibility is defined: an analysis of 37 definitions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 15(1), pages 1-13, January.
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    More about this item

    Keywords

    corporate social responsibility; integrated reporting; non-financial reports; financial audit; reasonable assurance;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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