Skip to content

CS Professional · CSR and Social Governance · Social Impact Assessment and CSR Audit

Before starting a CSR audit of Sunrise Pharma Ltd, the auditor reviews the CSR policy, Board minutes approving the annual action plan and the list of projects. Which stage of the audit process does this represent?

This is the planning stage. The auditor first understands the CSR framework by studying the policy, Board approvals and project list, which defines scope and risk areas. Detailed verification, reporting and follow-up on recommendations all come after this preparatory step.

  1. AReporting the final opinion to the stakeholders
  2. BPlanning and understanding the CSR framework before testingCorrect
  3. CFollow-up on implementation of audit recommendations
  4. DClosing the CSR bank account

Explanation

Reviewing the policy, Board approvals and project list is the preparatory step in which the auditor understands the framework and sets scope. Testing, reporting and follow-up come later. Reporting cannot precede gathering such understanding.

Did you get it right without looking?

One question tells you little. A timed set on Social Impact Assessment and CSR Audit shows your real accuracy, how long you take and where you lose marks.

Practise Social Impact Assessment and CSR AuditFree diagnostic mock

More Social Impact Assessment and CSR Audit questions