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’s Note

1THE EXPANDING ROLE OF THE AUDITOR
Table of Contents
Requirement 1............................................................................................................................2
Requirement 2............................................................................................................................2
Requirement 3............................................................................................................................3
Requirement 4............................................................................................................................3
References..................................................................................................................................5

2THE EXPANDING ROLE OF THE AUDITOR
Requirement 1
Corporate Social Responsibility (CSR)
CSR can be considered as the integration of socially advantageous programs and
practices into a firm’s business model and culture (Tai & Chuang, 2014).
Sustainability Reporting
Sustainability Reporting is considered as the mechanism of disclosing and
communicating environmental, social and governance goals along with the progress of the
firms towards achieving these key goals (Cho et al., 2015).
Requirement 2
National Australia Bank (NAB): NAB has adopted the sustainability reporting mechanism
in accordance with the principles and standards of Global Reporting Initiatives (GRI). NAB
has disclosed the information of their sustainable activities in this report. In order to provide
their stakeholders with higher confidence, NAB has engaged with Ernst & Young (EY) for
providing limited assurance on their sustainability metrics (nab.com.au, 2019).
BHP Billiton: BHP Billiton has adhered to the GRI principles for the development of
sustainability reports. In addition, KPMG has provided the independent assurance to the
sustainability reports of BHP Billiton. As per the analysis of KPMG, there is not any material
misstatements in the 2018 Sustainability Report of the company. KPMG has also provided
the necessary assurance on greenhouse gas emission (bhp.com, 2019).
Westpac Group (Westpac): Westpac has complied with the principles and standards of GRI
for disclosing information on their sustainability performance. PwC was responsible for
providing the necessary assurance on the sustainability reports of Westpac. PwC has ensured