Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 24DQP
As discussed in the chapter opening vignette and on page 9, companies are increasingly issuing reports on corporate social responsibility. Visit the Global Reporting Initiative website (www.globalreporting.org) and answer the following questions.
- a. What is the vision and mission of the Global Reporting Initiative?
- b. What is a sustainability report? Explain the use of sustainability reports in integrated reporting.
- c. Explain the two “in accordance” GRI guideline reporting options. What is the GRI guidance on assurance for “in accordance” reports?
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Which of the following statements regarding CSR and sustainability reporting is false?
a.The Global Reporting Initiative is an international organization that develops the use of sustainability reporting standards.
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Chapter 1 Solutions
Auditing And Assurance Services
Ch. 1 - What are the information and established criteria...Ch. 1 - Prob. 2RQCh. 1 - Discuss changes in accounting and business...Ch. 1 - Prob. 4RQCh. 1 - Identify the three main ways information risk can...Ch. 1 - Prob. 6RQCh. 1 - Prob. 7RQCh. 1 - Prob. 8RQCh. 1 - Prob. 9RQCh. 1 - Prob. 10RQ
Ch. 1 - Prob. 11RQCh. 1 - Prob. 12RQCh. 1 - Prob. 13.1MCQCh. 1 - Prob. 13.2MCQCh. 1 - Prob. 13.3MCQCh. 1 - Prob. 14.1MCQCh. 1 - Prob. 14.2MCQCh. 1 - Prob. 14.3MCQCh. 1 - Prob. 15.1MCQCh. 1 - Prob. 15.2MCQCh. 1 - Prob. 15.3MCQCh. 1 - Prob. 16DQPCh. 1 - Prob. 17DQPCh. 1 - Prob. 18DQPCh. 1 - Prob. 19DQPCh. 1 - Prob. 20DQPCh. 1 - Prob. 21DQPCh. 1 - Prob. 22DQPCh. 1 - Prob. 23DQPCh. 1 - As discussed in the chapter opening vignette and...Ch. 1 - Prob. 25DQP
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- Sustainability reporting can incorporate which of the following? A. environmental reporting B. social reporting C. business viability reporting D. all of the abovearrow_forwardSuppose you are tasked to construct and evaluate complex financial statements, including those relating to group accounts, to show an organization's financial position and performance. How do SASB standards relate to your task? What is the purpose of sustainability accounting and disclosure? Why are SASB standards needed in the business world?arrow_forwardWhich of the following statements is not true? Sustainability is defined as meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. GRI standards are targeted at investors and lenders. O Corporate Social Responsibility (CSR) is the set of steps that firms take to bear responsibility for their impact on the environment and social well-being. SASB's mission is to help businesses around the world identify, manage and report on the sustainability topics that matter most to their investors.arrow_forward
- 1.Why are SASB standards required in the business world? 2. What is the goal of sustainability accounting and disclosure?arrow_forwardThere are several organizations making standards for companies to follow when making Sustainability Reports. From the list below choose the two (2) organizations that make rules for preparing Sustainability Reports. O FASB O SASB GRI O AACSBarrow_forwardWhich of the following is an international organization that develops and encourages the use of sustainability reporting standards? a. Global Reporting Initiative b. Financial Accounting Standards Board (FASB) c. United Nations d. International Accounting Standards Board (IASB)arrow_forward
- Sustainability is much associated to the Corporate Social Responsibility (CSR) Sustainability is much associated with the environmental protection. Explain 3 benefits of sustainability reporting. Contrast between the concept of corporate social responsibility and sustainability reporting. Justify why GRI Reporting Framework is needed for sustainability reporting assurance. Give 2 reasons to support your answerarrow_forwardBeginning with strategy, which of the following items lists the areas of the business sustainability cycle in the correct order in which they should be performed? (Note: Not all areas are contained in each list.) a. Sustainability assurance, sustainability reporting, risk management, performance measurement b. Performance measurement, risk management, sustainability reporting, stakeholder engagement c. Stakeholder engagement, risk management, sustainability assurance, performance measurement d. Risk management, stakeholder engagement, sustainability reporting, sustainability assurance e. Stakeholder engagement, risk management, performance measurement, sustainability reportingarrow_forwardExplain the role and purpose of the Sustainability Accounting Standards Board.arrow_forward
- Identify four different stakeholders In need of sustainability information and show how their actions might affect a business.arrow_forwardExplain how performance measurement can help improve an organization's business sustainability efforts.arrow_forwardWhich reporting framework represents global standards for corporate sustainability reporting based on multiple modules that a company can choose from based on what is material for the organization? OSASB O GRI O LEED O CDParrow_forward
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