Which of the following statements is true regarding corporate social responsibility (CSR)?
A.
Many of the areas explored by CSR are normally included in an audit universe or annual audit plan
B.
Despite significant corporate resources spent on CSR reporting investors generally do not rely on CSR information
C.
Unlike many other areas of reporting responsibilities impacting stakeholders, CSR is largely voluntary
D.
Typically operating management does not have a major role to play based on the public nature of reporting
The Answer Is:
C
This question includes an explanation.
Explanation:
The true statement regarding corporate social responsibility (CSR) is that unlike many other areas of reporting responsibilities impacting stakeholders, CSR is largely voluntary. Most elements of CSR, such as community engagement, environmental conservation, and sustainable practices, are not legally mandated but are adopted by companies to improve their societal impact and stakeholder relationships.
Standards and practices related to Corporate Social Responsibility (CSR).
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