The Value-Adding Potentials of Corporate Social Responsibility Report Audit to Corporate Reporting in Nigerian Banks
The increasing trend in the clamour for a more responsible business has necessitated organizations publishing their social responsibility investments. This nonfinancial form of companies' disclosure of their activities has further evolved concerns about the truth and fairness of the content of the social responsibility reports. This paper explores relevant literature, theories and provides empirical evidences in expressing the importance of social responsibility disclosure and the need to address the concerns about the truth and fairness of its content. Mean scores of responses were used in answering the research questions while binary logistic regression was adopted in the test of hypotheses. Perceptual evidence from stakeholders shows a positive response in favour of CSR report audit. The paper concludes that auditing CSR report will add value to the entire corporate reports in the Nigerian banking industry.
Keywords: Audit, Cost-benefit, Corporate Social Responsibility Report, Value-Adding
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