The Expanding Role of the Auditor

Running head: THE EXPANDING ROLE OF THE AUDITOR
THE EXPANDING ROLE OF THE AUDITOR
Name of the Student:
Name of the University:
Author Note

1THE EXPANDING ROLE OF THE AUDITOR
Executive Summery
The objective of this report is to explain the CSR and sustainability reporting along with the
differences and similarity between them. This also provides a brief history as well as the
future development of the sustainability reporting. Further, this report analyse the companies
those need to present the non-financial report in the basis of the relevant standards or
framework. This report also recommend the International Framework for Assurance
Engagements to the auditors to perform the structuring and completing assurance
engagements. Lastly, the paper concludes that the reporting the non-financial activity of the
firm and their impact in the external environment of the firm.

2THE EXPANDING ROLE OF THE AUDITOR
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Corporate Social Responsibility.............................................................................................3
Sustainability Reporting.........................................................................................................4
Differences between CSR and Sustainability reporting.........................................................4
Similarities between CSR and Sustainability reporting.........................................................5
History of Sustainability reporting and assurance.................................................................6
Companies Undertaking.........................................................................................................6
Future development of Sustainability reporting and assurance.............................................6
Frameworks for preparing report...........................................................................................7
Auditor’s guideline.................................................................................................................7
Conclusion..................................................................................................................................8
References..................................................................................................................................9

3THE EXPANDING ROLE OF THE AUDITOR
Introduction
The report titled “THE EXPANDING ROLE OF THE AUDITOR” is prepared in
the basis of the current state of Corporate Social Responsibility and Sustainability. This
report define and explain the Corporate Social Responsibility and sustainability report along
with the differences and similarity between CSR and sustainability reporting. Further, this
report analyse the history of the sustainability reporting and assurance. This also shows the
current details in that companies undertake such reporting and level reporting that is assured.
This also analyse the future development of sustainability reporting and assurance. This
explain the guideline, standard and frameworks used for the preparation of the financial
report. Lastly, this report explain the guidelines and procedures to the auditors for structuring
and completing assurance engagements. The all answer of the report in based on the
Australia, the European Union and United States of American. The attendees of the
upcoming regional conference on ‘New direction in Accounting’ are the main objective of
this report.
Discussion
Corporate Social Responsibility
The Corporate Social Responsibility (CSR) is a self-regulating business rule and
models that helps the company to be socially accountable towards its stakeholders, it self and
the society. The CSR includes the overall impact of the company’s operation in the all aspect
of social environment including the economic, environmental and social (Crowther & Seifi,
2018). To perform the CSR means the performance of the company positively affecting its
surroundings like society, economic and environment not in the negative way. This very
broad term can take many forms depending on the performance of the company and industry.
The main objective of the CSR is to benefits the all aspect of the society by performing the