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

Meera, a company secretary, is appointed to conduct a CSR audit for Anand Foods Ltd. She wants to ensure the audit is credible. Which approach is most consistent with the principles of a CSR audit?

Meera should remain independent, test samples of transactions against records, verify projects where needed and report findings with recommendations to the Board. Relying solely on management certificates or untested figures would not provide independent assurance about the CSR activities.

  1. ARely only on the CSR committee's own certificate of compliance
  2. BAccept management's statement of beneficiary numbers without testing
  3. CRemain independent, test samples of transactions against records and report findings to the Board with recommendationsCorrect
  4. DSkip field verification because it is costly and report from documents alone

Explanation

Credibility requires independence, evidence-based testing such as sampling transactions and field verification, and reporting findings with recommendations to the Board. Relying on management's certificate or untested claims defeats the purpose of independent assurance.

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