EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Question
Chapter 1, Problem 8RQ
To determine
Explain the reason for obtaining assurance of CPA about the information that is presented in the organization corporate sustainability report.
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Explain the concept of corporate social responsibility (CSR) and its relationship with accounting. How can accounting practices and disclosures contribute to assessing and communicating an organization's social and environmental performance?
Suppose you are tasked to construct and evaluate complex financial statements, including those relating to group accounts, to show an organization's financial position and performance. How do SASB standards relate to your task? What is the purpose of sustainability accounting and disclosure? Why are SASB standards needed in the business world?
What is the role of an auditor in the implementation of corporate social responsibility in an organization?
Chapter 1 Solutions
EBK AUDITING+ASSURANCE SERVICES
Ch. 1 - What are the information and established criteria...Ch. 1 - Prob. 2RQCh. 1 - Discuss changes in accounting and business...Ch. 1 - Prob. 4RQCh. 1 - Identify the three main ways information risk can...Ch. 1 - Prob. 6RQCh. 1 - Prob. 7RQCh. 1 - Prob. 8RQCh. 1 - Prob. 9RQCh. 1 - Prob. 10RQ
Ch. 1 - Prob. 11RQCh. 1 - Prob. 12RQCh. 1 - Prob. 13.1MCQCh. 1 - Prob. 13.2MCQCh. 1 - Prob. 13.3MCQCh. 1 - Prob. 14.1MCQCh. 1 - Prob. 14.2MCQCh. 1 - Prob. 14.3MCQCh. 1 - Prob. 15.1MCQCh. 1 - Prob. 15.2MCQCh. 1 - Prob. 15.3MCQCh. 1 - Prob. 16DQPCh. 1 - Prob. 17DQPCh. 1 - Prob. 18DQPCh. 1 - Prob. 19DQPCh. 1 - Prob. 20DQPCh. 1 - Prob. 21DQPCh. 1 - Prob. 22DQPCh. 1 - Prob. 23DQPCh. 1 - As discussed in the chapter opening vignette and...Ch. 1 - Prob. 25DQP
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- Reputation of outcomes can play a role in the financial viability of an organization. Can you support that argument?arrow_forwardWhich of the following describes the awareness stage of corporate social responsibility according to Ackerman? O a. Identifying social problem O b. Determination of strategies O c. Good planning O d. Allocation of resourcesarrow_forwardCan you please discuss the extent to which Corporate Governance codes, rules and regulations satisfy the need from all stakeholders for effective management of companies.arrow_forward
- What measures does the governance board can put into place to establish ethical expectations.arrow_forwardHow can the Corporate Compliance and Governance contribute in the overall success of a certain company? Give at least one importance of Corporate Compliance and Governance.arrow_forwardWhich of the following is NOT one of the AICPA Principles of Professional Conduct? Select one: Organizational sustainability Independence Responsibilities Due Carearrow_forward
- hat is an integrated report? Reflect on the fundamental and ethical role of financial accountants in identifying and promoting stewardship by exploring integrated reports.arrow_forwardHOW ? Explain the problems identified over the years in relation to risk management and remuneration and discuss how these relate to corporate governance.arrow_forwardWhich of the following is nor a common goal of an organization? A. operational efficiency B. being acquired by another business C. achieving strategic goals D. measuring financial performancearrow_forward
- Which one of the following components of internal control over financial reporting sets the tone for the organization? a. Risk assessment. b. Control environment. c. Information and communication. d. Monitoring.arrow_forwardWhich of the following are affected by the quality of an organization’s internal controls? a. Reliability of financial data. b. Ability of management to make informed business decisions. c. Ability of the organization to remain ¡n business. d. All of the above. e. Only a and c.arrow_forwardWhich of the following terms can be defined as "the shared experiences, stories, beliefs, and norms that characterize an organization"? a business mission corporate culture customer relationships an ethical/value statement organizational dynamicsarrow_forward
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