Question Choosing a Model (References needed to support your words, peer reviewed articles or journal)
After researching and comparing various instruments and standards for CSR audits and sustainability assurance, research Samsung. Subsequently, craft and present a suitable model for SamSung
1. Creating a comprehensive plan for executing a CSR audit.
2. Presenting your model, detailing its audit components and associated processes.
3. Justifying your selection by highlighting its strengths compared to alternative models.
4. Objectively addressing potential weaknesses or limitations to ensure fairness in the evaluation.
The Institutes of Internal Auditors delineate the objectives of a CSR audit to encompass understanding CSR influences and initiatives, recognizing stakeholder needs, assessing economic value propositions and reputation drivers, analyzing organizational approaches to various challenges like climate change, health, safety, and supply chains. Additionally, the audit explores evolving practices in social responsibility and sustainable development, examines links between CSR, governance, and risk management, addresses reporting and assurance challenges, defines the role of internal audit in CSR, and encourages networking for insights into this evolving area of focus within internal audits.
An audit on Corporate Social Responsibility (CSR), as outlined by the Institutes of Internal Auditors, aims to:
- Comprehend the influences and initiatives within CSR.
- Grasp the needs of CSR stakeholders and their significance.
- Analyze the economic value proposition and factors influencing reputation.
- Assess organizational approaches to climate change, health and safety concerns, and supply chain imperatives.
- Evaluate evolving practices in social responsibility and sustainable development.
- Explore the connections between CSR, governance, and risk management.
- Address challenges related to reporting and assurance.
- Define the appropriate role for internal audit in CSR.
- Engage with peers to network and exchange insights in this evolving facet of internal audit focus.
Research information about CSR audits, instruments, and processes. Use the following resources as a starting point to access necessary information:
AccountAbility.org - AA1000 Assurance Standards:
Federation des Experts Compatibles Europeans for a comparison of several European CSR assurance standards:
Social Accountability International will provide information about the SA 8000 standards:
Instrument Comparison
After accessing the needed information, evaluate and compare the various CSR auditing instruments and standards (i.e., AA1000, SA 8000, European models). Assess some of their mutual strengths and potential drawbacks.