Many cooperate boards are now agreed on the need to take responsibility for any potential or actual social impact caused by their companies' activities. This is done through a social responsibility report.
Required:
(a) Write short notes on five issues/stakeholders that may be addressed by a company's social responsibility report.
(b) Explain five benefits that would accrue to a company from the reporting of the company's social responsibility activities.
(c) Comparing conventional financial accounting reporting with social responsibility reporting, list and explain five challenges peculiar to social responsibility accounting.