Which of the Following Statements Is Not Correct in Relation

question 21

Multiple Choice

Which of the following statements is not correct in relation to corporate social responsibility (CSR) reporting?

• A) Social responsibility is the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour.
• B) There has been a decline in the number of Australian companies presenting information on socially responsible activities.
• C) Currently there are no accounting standards requiring CSR reporting by Australian companies.
• D) It is likely that CSR reporting will continue to be driven by community concerns with global warming and the impact of company activities on the environment.

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Definitions:

Receivables

Amounts owed to a company by its customers for goods or services delivered on credit.

Control Activity

Measures implemented to ensure that management's directives are carried out, aiming to prevent, detect, and correct financial misstatements or fraud.

Extensive Marketing Plan

A comprehensive strategy outlining marketing efforts, targeting how a business will effectively engage customers, compete in the market, and achieve its marketing goals.