Role of CSR Policy and the Sustainability Report

Running head: ROLE OF CSR POLICY AND THE SUSTAINABILITY REPORT
Role of CSR Policy and the Sustainability Report
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1ROLE OF CSR POLICY AND THE SUSTAINABILITY REPORT
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Executive summary
The aim of the report is to analyse the report of the social responsibility of the
corporate bodies and the sustainability report on the business environment of the
Australian and European countries. The report further explains importance of the
independence in the audit work and the process by which the firms can reduce the
effect of the independence on the audit work.

2ROLE OF CSR POLICY AND THE SUSTAINABILITY REPORT
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Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Question 1..................................................................................................................................3
The expanding role of the auditor..............................................................................................3
Definition and explanation of corporate social responsibility and sustainability reporting.......3
Differences between the CSR and the sustainability.................................................................4
History of sustainability reporting and assurance......................................................................5
Future developments of the sustainability report.......................................................................7
Regulations and framework to formulate Sustainability report.................................................9
The assurance guidelines and procedures used by the auditor of the company.........................9
Question 2................................................................................................................................12
Auditor independence..............................................................................................................12
The potential independence threat...........................................................................................12
Conclusion................................................................................................................................15
References................................................................................................................................16

3ROLE OF CSR POLICY AND THE SUSTAINABILITY REPORT
NAME OF STUDENT
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Introduction
The role of the corporate social responsibility(CSR) and sustainability report is
immense in bringing transparency in the business activities of any organisation. The
effect of the CSR and the sustainability report on the corporate bodies of Australia ,
the European union and the United States of America.
Discussion
Question 1
The expanding role of the auditor
Definition and explanation of corporate social responsibility and sustainability
reporting
Corporate social responsibility is a model that is followed by any business that
helps the organisation to perform the social duties towards its stakeholders and the
public. The practice of corporate social responsibility engage the company in the
enhancement of the society and the environment and thereby improving its business
activities.
The report contains all the details of the social activities of the company and
the amount invested in the corporate social responsibility programs.