Corporate Social Responsibility and Accounting Disclosures: A Review of Two Articles

This presentation reviews two articles on Corporate Social Responsibility and Accounting Disclosures. It highlights the need for CSR reporting and disclosure requirements, and the different methods companies use to achieve their CSR objectives. The presentation also discusses the implications for accountants and accounting regulators.

Accounting Theory and
Current Issues
Date: 23rd September,2018

Corporate Social Responsibility
 CSR is a business model that has been recognized all over the globe and helps the
companies in being accountable for their work that they are doing for their
stakeholders.
 The company needs to meet their CSR reporting and disclosure requirements
(Lessambo, 2018).

Article 1
 The first article is “CSR disclosure: the more things change…?”
 It highlights the overall changes that have occurred in the disclosure requirements of
CSR since prior years.
 It also highlights how stakeholders can benefit from CSR disclosures in the annual
report of the company (Charles H, et al., 2015).

Article 2
 The second article is “Descriptive, instrumental and strategic approaches to corporate
social responsibility” that has been written by Giacomo and co-authors.
 It highlights how companies are adopting different methods for attainment of their CSR
objectives (Giacomo, et al., 2013).

Reason of Selection of the two
articles
 The article highlights the needs of the CSR model and how companies are applying the
methods based on which they can achieve these CSR needs.
 The articles highlight the need for disclosing the CSR requirements in the annual
reports of the company and how that is beneficial for the stakeholders of the
companies
 The articles also highlight how there have been changes in the CSR requirement from
past 1970s till today.

Similarity Between the Two articles
 The major similarity between the two articles are both are highlighting the needs of
CSR and how companies are incorporating the same in their accounting disclosures.
Both highlighting the needs of CSR and how companies can take benefit from that and
how are shareholders getting the same.

Differences between the two
articles
 The major difference between the two articles are that one article is highlighting the
needs of CSR disclosure, how the method of disclosing the same has changed from
1970s, and why it is important part of corporate accounting now. The other article is
highlighting the methods by which companies can attain the CSR benefits, whether
the benefits that they get they are getting are directly connected to the CSR efforts
that they have put in.

Major Implication for Stakeholders
 Accountants in Australian Companies.
 The first article highlights the need CSR disclosure in the annual reporting and
highlights how important it is for corporate accounting part. Thus, accountants can
understand what are the disclosure they need to give and they need to analyse
 The second article highlights how companies are using different methods for achieving
the CSR objective which are strategic, instrumental and descriptive and thus
accountants will also understand what are the methods they can apply for the
companies they are working for (Garon, 2018)..

Major Implication for Stakeholders
 Accounting Regulators.
 The second article is highlighting the methods that various companies uses and is
relating the accounting benefits with the accounting methods. The first article is
highlighting how the disclosing policies have changed over the years since 1970s and
thus would also be beneficial for the accounts regulators (Kangarluie & Aalizadeh,
2017).

References
 Charles H, C., Giovanna, M., Dennis M, P. & Robin W, R., 2015. CSR disclosure: the more
things change…?. Accounting, Auditing & Accountability Journal, 28(1), pp. 14-35.
 Garon, J., 2018. Ownership of University Intellectual Property. Cardozo Arts & Ent. LJ,
36(1), p. 635.
 Giacomo, B., Kamalesh, K. & Giovanna, M., 2013. Descriptive, instrumental and
strategic approaches to corporate social responsibility. Accounting, Auditing &
Accountability Journal, 26(3), pp. 399-422.
 Kangarluie, S. & Aalizadeh, A., 2017. 'The expectation gap in auditing. Accounting, 3(1),
pp. 19-22.
 Lessambo, F., 2018. Audit Risks: Identification and Procedures. Auditing, Assurance
Services, and Forensics, 3(1), pp. 183-202.