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IESA
Social Audit
| Question | Answer |
|---|---|
| environmental auditing scope | de Moor - management tool, measures ability of org to safeguard environment |
| social auditing definiton | gao - when dialogue based on frameworks offers value to business to - enhance sustainability efforts - improve stakeholder relationships - increase transparency - accountability |
| scope of social audit | owen - if social audit is captured by management process will be shallow and decrease accountability |
| mention of stakeholders | gao - need to respond not just consult stakeholders to ensure balanced outcome gao - push for standards partly due to public pressure gray - tension between satisfying management intentions vs accountability demands owen - pressure groups 'tts' |
| birkey et al., 2016 key points | - reporting used to boost image not reduce information asymmetry - 3rd party assurance increases reputation, score not affected by type of assuror - results make it understandable why company happy to bear cost |
| de Moor and de Beelde, 2005 key points | - approach similar between env and fin audits, env audits unregulated - env audit reduces risk (going concern) and can create a competitive advantage (knowledge) - structure of fin audit is based on standards |
| de Moor and de Beelde, 2005 key points (2) | - integrated audits would require greater auditor skillset and use of experts |
| gao and zhang, 2006 key points | - AA1000 seen as quality standard to link accountability and sustainability - sustainability = complex. need to balance present needs without compromising future - |
| gray, 2000 key points | - attestations fail to comment on key fin audit principles (completeness) - education and training quality insufficient - statutory auditors have unique skillset which they fail to apply to env audit |
| gray, 2000 key points (2) | - lack of quality assurances due to: lack of independent enquiry & statements, management restriction - current situation serves companies not society - profession has responsibility to increase standard |
| owen et al., 2000 key points | - fin, social and env dimensions at different stages of integration - need to align - 70s = radical and confrontational approach - having reception to shareholder views => long-term success - interviewees concerned at current level of accountability |
| owen et al., 2000 key points (2) | - trust me -> tell me -> show me (tts) - industry push for fin audit approach - voluntary iniatives unsuccessful but regulation not welcomed by industry - concern social audit will become part of management toolkit |
| Simnett et al., 2009 key points | - companies in stakeholder countries > chance of auditor assurance (to enhance credibility) - early stages: a strong legal environment > chance of assurance - audit profession more likely to audit less risky organisations - all big 4 |
Created by:
amyperston
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