Which of the Following Is NOT True About Corporate Social

question 10

Multiple Choice

Which of the following is NOT true about Corporate Social Responsibility assurance?

• A) reporting is voluntary and is becoming more widespread.
• B) includes both financial and non-financial information.
• C) is required to be performed by an auditor.
• D) disclosures include environmental, employee and social reporting.

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Definitions:

Deposits Insured

A guarantee by a government or private entity that deposits in banks and financial institutions will be protected up to a certain limit in case of bank failure.

Banker's Lobbying

The efforts made by banks and financial institutions to influence lawmakers and regulators in favor of policies beneficial to their interests.

Subprime Mortgage

Mortgage for a borrower with a not-so-good credit rating.

Credit Rating

An assessment of the creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation.