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

Ganga Foods Ltd's CSR audit report is ready. The audit findings show that one project was not completed as planned and that the monitoring reports were delayed. Which of the following is the correct use of the report in the governance process?

The report should go to the CSR Committee and Board so they can act on the findings, such as the incomplete project and delayed monitoring, and track follow-up. Withholding it or sending it only to beneficiaries would defeat the oversight purpose of the audit.

  1. AThe report is kept confidential from the CSR Committee to avoid embarrassment
  2. BThe report is submitted to the CSR Committee and Board so that corrective action can be taken on the findings and follow-up trackedCorrect
  3. CThe report replaces the need for any CSR policy
  4. DThe report is sent only to beneficiaries for approval

Explanation

An audit adds value only when findings reach those responsible for oversight, namely the CSR Committee and the Board, who decide corrective action and follow-up. Withholding it defeats the purpose, and it does not replace the policy, which is the criteria for the audit.

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