THE ROLE OF AUDIT IN INCREASING THE CORPORATE SOCIAL RESPONSIBILITY

Nina Adriana Buică, Marioara Avram, Magdalena Mihai and Cristian Drăgan
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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
Cristian Drăgan: University of Craiova, Doctoral School of Economics, Faculty of Economics and Business Administration, Economy Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2020, vol. 2, issue 48, 108-120

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

Keywords: corporate social responsibility; integrated reporting; non-financial reports; financial audit; reasonable assurance (search for similar items in EconPapers)
JEL-codes: M14 M41 M42 (search for similar items in EconPapers)
Date: 2020
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