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:

Bonds Payable

A financial liability representing the amount a company owes to holders of its issued bonds, typically repayable at a future date.

Cash Dividends

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Operating Activities

Transactions related to the primary business operations, like selling goods or services and other core business activities, reflected in the company's cash flow.