THE ROLE OF AUDIT IN INCREASING THE CORPORATE SOCIAL RESPONSIBILITY

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