Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-cd9895bd7-gxg78 Total loading time: 0 Render date: 2024-12-27T04:02:02.596Z Has data issue: false hasContentIssue false

9 - Professional Advisory Services and CSR Responsibilisation, Accountability and Transparency

from Part III - Stimulating Private Regulation of Corporate Social Responsibility

Published online by Cambridge University Press:  15 June 2023

Onyeka K. Osuji ,
Franklin N. Ngwu  and
Gary Lynch-Wood
By
Onyeka K. Osuji
Onyeka K. Osuji
Affiliation:
University of Essex
Franklin N. Ngwu
Affiliation:
Pan-Atlantic University Lagos Business School, Nigeria
Gary Lynch-Wood
Affiliation:
University of Manchester School of Law
Get access

Summary

This chapter focuses on the critical corporate governance role of outsiders providing professional advisory services in promoting corporate social responsibility (CSR). It draws on insights from responsive regulation and institutional theories to make the case for including professional advisory services such as accounting and auditing firms, management consultancies, rating agencies, external company secretaries, and public relations, advertising and marketing firms in the CSR legal infrastructure. Proposing an inclusive and limited stakeholder approach, the chapter outlines creative ways for enabling the CSR responsibility, accountability and transparency of professional advisory services.

Keywords

accountabilityauditingcorporate governancecorporate social responsibilityenforced self-regulationinstitutional theoryresponsive regulationstakeholderstransparency
Type
Chapter
Information
Corporate Social Responsibility Across the Globe
Innovative Resolution of Regulatory and Governance Challenges
 , pp. 197 - 227
Publisher: Cambridge University Press
Print publication year: 2023

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Abou-El-Sood, H. (2008). The usefulness of accounting information, economic variables, and corporate governance measures to predict corporate failure. Journal of Applied Business Research, 24(4), 1–9.Google Scholar
Accounting Standards Steering Committee (ASSC). (1975). The Corporate Report: A Discussion Paper. London: Accounting Standards Steering Committee.Google Scholar
Andon, P., Free, C. and O’Dwyer, B. (2015). Annexing new audit spaces: challenges and adaptions. Accounting, Auditing & Accountability Journal, 28(8), 1400–30.Google Scholar
Andon, P., Free, C. and Sivabalan, P. (2014). The legitimacy of new assurance providers: making the cap fit. Accounting, Organizations and Society, 39(2), 75–96.Google Scholar
Asare, S. K. and Wright, A. M. (2012). Investors’, auditors’, and lenders’ understanding of the message conveyed by the standard audit report on the financial statements. Accounting Horizons, 26(2), 193–217.CrossRefGoogle Scholar
Attig, N., El Ghoul, S., Guedhami, O. and Suh, J. (2013). Corporate social responsibility and credit ratings. Journal of Business Ethics, 117(4), 679–94.Google Scholar
Ayres, I. and Braithwaite, J. (1992). Responsive Regulation: Transcending the Deregulation Debate. New York/Oxford: Oxford University Press.CrossRefGoogle Scholar
Baker, N. (2008). See no evil, hear no evil: effective whistleblower programs encourage employees who witness company wrongdoing to speak out rather than look the other way. Internal Auditor, 65, 38–43.Google Scholar
Ball, R. (2001). Infrastructure requirements for an economically efficient system of public financial reporting and disclosure. In Litan, R. E. and Herring, R. J., eds., Brookings-Wharton Papers on Financial Services: 2001. Washington, DC: Brookings Institution Press, pp. 127–69.Google Scholar
BBC. (2017a). Bell Pottinger row: PR boss sorry for S Africa campaign. 7 July [online]. www.bbc.co.uk/news/business–41142478.Google Scholar
BBC. (2017b). Bell Pottinger found in breach of code for South African campaign. 24 August [online]. www.bbc.co.uk/news/business–41036967.Google Scholar
BBC. (2017c). PR firm failed in ‘race hate’ campaign. 4 September [online]. www.bbc.co.uk/news/business-4114588.Google Scholar
BBC. (2021). McKinsey agrees $573 m opioid settlement in US. 4 February [online]. www.bbc.co.uk/news/business–55939224.Google Scholar
Bennington, L. (2008). Book review: managing corporate social responsibility in action: talking, doing and measuring. International Journal of Innovation and Sustainable Development, 3(3/4), 366–8.Google Scholar
Benston, G. J. and Hartgraves, A. L. (2002). Enron: what happened and what we can learn from it. Journal of Accounting and Public Policy, 21(2), 105–27.CrossRefGoogle Scholar
Bhattacharya, C. B., Korschun, D. and Sen, S. (2009). Strengthening stakeholder–company relationships through mutually beneficial corporate social responsibility initiatives. Journal of Business Ethics, 85(2), 257–72.Google Scholar
Black, J., Hopper, M. and Band, C. (2007). Making a success of principles-based regulation. Law and Financial Markets Review, 1(3), 191–206.Google Scholar
Brazel, J. F. and Lail, B. E. (2019). How the interplay between financial and nonfinancial measures affects management forecasting behaviour. Journal of Management Accounting Research, 31(3), 41–63.CrossRefGoogle Scholar
Brazel, J. F. and Schmidt, J. J. (2019). Do auditors and audit committees lower fraud risk by constraining inconsistencies between financial and nonfinancial measures? Auditing: A Journal of Practice & Theory, 38(1), 103–22.Google Scholar
Brown-Liburd, H., Cohen, J. and Zamora, V. L. (2018). CSR disclosure items used as fairness heuristics in the investment decision. Journal of Business Ethics, 152(1), 275–89.CrossRefGoogle Scholar
Bruynseels, L. and Cardinaels, E. (2014). The audit committee: management watchdog or personal friend of the CEO? Accounting Review, 89(1), 113–45.Google Scholar
Canning, M., O’Dwyer, B. and Georgakopoulos, G. (2019). Processes of auditability in sustainability assurance – the case of materiality construction. Accounting and Business Research, 49(1), 1–27.Google Scholar
Capelle-Blancard, G. and Monjon, S. (2014). The performance of socially responsible funds: does the screening process matter? European Financial Management, 20(3), 494–520.Google Scholar
Carter, C. and Spence, C. (2014). Being a successful professional: an exploration of who makes partner in the Big Four. Contemporary Accounting Research, 31(4), 949–81.Google Scholar
Casey, R. J. and Grenier, J. H. (2015). Understanding and contributing to the enigma of corporate social responsibility (CSR) assurance in the United States. Auditing, 34(1), 97–130.Google Scholar
Cassematis, P. G. and Wortley, R. (2013). Prediction of whistleblowing or non-reporting observation: the role of personal and situational factors. Journal of Business Ethics, 117(3), 615–34.Google Scholar
Chapple, L. E. and Mui, G. Y. (2015). Social audit failure: legal liability of external auditors. In Rahin, M. M. and Idowu, S. O., eds., Social Audit Regulation – Development, Challenges and Opportunities. Heidelberg/Dordrecht: Springer, pp. 281–300.Google Scholar
Cheffins, B. R. (1997). Company Law: Theory, Structure and Operation. Oxford: Clarendon Press.Google Scholar
Cho, Y. K. and Song, H. J. (2015). Determinants of whistleblowing within government agencies. Public Personnel Management, 44(4), 450–72.CrossRefGoogle Scholar
Clements, C., Neil, J. D. and Stovall, O. S. (2009). An analysis of International Accounting Codes of Conduct. Journal of Business Ethics, 87(1), 173–83.CrossRefGoogle Scholar
Coffee, J. (2006). Gatekeepers: The Role of the Professions in Corporate Governance. Oxford: Oxford University Press.Google Scholar
Coffee, J. C. (2019). Why do auditors fail? What might work? What won’t? Accounting and Business Research, 49(5), 540–61.Google Scholar
Cohen, J. R. and Simnett, R. (2015). CSR and assurance services: a research agenda. Auditing: A Journal of Practice & Theory, 34(1), 59–74.CrossRefGoogle Scholar
Cohen, J. R., Holder-Webb, L. and Zamora, V. L. (2015). Nonfinancial information preferences of professional investors. Behavioural Research in Accounting, 27(2), 127–53.CrossRefGoogle Scholar
Cohen, J., Webb, L., Nath, L. and Wood, D. (2011). Retail investors’ perception of the decision usefulness of economic performance, governance, and corporate social responsibility disclosures. Behavioural Research in Accounting, 23(1), 109–29.Google Scholar
Commission of the European Communities (CEC). (1994). Directions for the EU on Environmental Indicators and Green National Accounting: The Integration of Environmental and Economic Information Systems. COM(94) 670 final. Brussels: European Commission.Google Scholar
Commission of the European Communities (CEC). (2011). Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions. A Renewed EU Strategy 2011–14 for Corporate Social Responsibility, COM(2011) 881 final. Brussels: European Commission.Google Scholar
Committee on the Financial Aspects of Corporate Governance (Cadbury Committee). (1992). Report of the Committee on the Financial Aspects of Corporate Governance. London: Committee on the Financial Aspects of Corporate Governance and Gee and Co. Ltd.Google Scholar
Compliance and Risk (2017). FRC fines PwC £5 m for audit misconduct. Compliance and Risk, 6(3), 19–20.Google Scholar
Culiberg, B. and Mihelič, K. K. (2017). The evolution of whistleblowing studies: a critical review and research agenda. Journal of Business Ethics, 146, 787–803.CrossRefGoogle Scholar
Daily, C., Dalton, D. and CannellaJr, A. (2003). Corporate governance: decades of dialogue and data. Academy of Management Review, 28(3), 371–82.Google Scholar
de Villiers, C., Rinaldi, L. and Unerman, J. (2014). Integrated reporting: insights, gaps and agendas for future research. Accounting, Auditing & Accountability Journal, 27(7), 1042–67.Google Scholar
Deegan, C. and Blomquist, C. (2006). Stakeholder influence on corporate reporting: an exploration of the interaction between WWF-Australia and the Australian minerals industry. Accounting, Organizations and Society, 31(4–5), 343–72.Google Scholar
Department for Business, Innovation and Skills (DBIS). (2014). Transparency and Trust: Enhancing the Transparency of UK Company Ownership and Increasing Trust in UK Business. Government Response April 2014. London: DBIS.Google Scholar
Du, K. and Wu, S. (2019). Does external assurance enhance the credibility of CSR reports? Evidence from CSR-related misconduct events in Taiwan. Auditing: A Journal of Practice & Theory, 38(4), 101–30.Google Scholar
Dubbink, W. and Smith, J. (2011). A political account of corporate moral responsibility. Ethical Theory and Moral Practice, 14(2), 223–46.Google Scholar
Dyer, O. (2021). McKinsey agrees to pay $574 m to US states to settle opioid claims. BMJ, 373:n360. www.bmj.com/content/372/bmj.n360.full.Google Scholar
Economist. (2004). Corporate storytelling. The Economist, 6 November, 13–14.Google Scholar
Elliott, W. B., Fanning, K. and Peecher, M. E. (2020). Do investors value higher financial reporting quality, and can expanded audit reports unlock this value? Accounting Review, 95(2), 141–65.Google Scholar
Financial Reporting Council (FRC). (2020). The UK Stewardship Code 2020. London: Financial Reporting Council.Google Scholar
Fischer, D. and Friedman, H. H. (2019). Tone-at-the-top lessons from Abrahamic justice. Journal of Business Ethics, 156, 209–25.CrossRefGoogle Scholar
Forsythe, M. and Bogdanich, W. (2021). McKinsey settles for nearly $600 million over role in opioid crisis. NY Times, 3 February. www.nytimes.com/2021/02/03/business/mckinsey-opioids-settlement.html.Google Scholar
Fransen, L. (2013). The embeddedness of responsible business practice: exploring the interaction between national-institutional environments and corporate social responsibility. Journal of Business Ethics, 115, 213–27.Google Scholar
Fuhrmann, S., Ott, C., Looks, E. and Guenther, T. W. (2017). The contents of assurance statements for sustainability reports and information asymmetry. Accounting and Business Research, 47(4), 369–400.Google Scholar
García Lara, J. M., García Osma, B. and Penalva, F. (2009). Accounting conservatism and corporate governance. Review of Accounting Studies, 14(1), 161–201.Google Scholar
Gendron, Y. and Spira, L. (2009). What went wrong? The downfall of Arthur Andersen and the construction of controllability boundaries surrounding financial auditing. Contemporary Accounting Research, 26, 987–1027.Google Scholar
Gray, R. (2010). Is accounting for sustainability actually accounting for sustainability … and how would we know? An exploration of narratives of organisations and the planet. Accounting, Organizations and Society, 35(1), 47–62.Google Scholar
Gray, R., Dey, C., Owen, D., Evans, R. and Zadek, S. (1997). Struggling with the praxis of social accounting: stakeholders, accountability, audits and procedures. Accounting, Auditing and Accountability Journal, 10(3), 325–64.Google Scholar
Gray, G. L., Turner, J. L., Coram, P. J. and Mock, T. T. (2011). Perceptions and misperceptions regarding the unqualified auditor’s report by financial statement preparers, users, and auditors. Accounting Horizons, 25(4), 659–84.Google Scholar
Green, S. (1995). Accounting standards and tax law: complexity, dynamism and divergence. British Tax Review, 5, 445–52.Google Scholar
Guedhami, O. and Pittman, J. A. (2006). Ownership concentration in privatized firms: the role of disclosure standards, auditor choice, and auditing infrastructure. Journal of Accounting Research, 44, 889–929.Google Scholar
Guedhami, O. and Pittman, J. A. (2011). The choice between private and public capital markets: the importance of disclosure standards and auditor discipline to countries divesting state owned enterprises. Journal of Accounting and Public Policy, 30, 395–430.CrossRefGoogle Scholar
Guthrie, J. and Parker, L. D. (2014). The global accounting academic: what counts! Accounting, Auditing & Accountability Journal, 27(1), 2–4.Google Scholar
Hampel Committee. (1998). Report on Corporate Governance. London: Gee.Google Scholar
Hargovan, A. (2009). Australian Securities and Investments Commission v MacDonald [No 11]: corporate governance lessons from James Hardie. Melbourne University Law Review, 33, 984–1021.Google Scholar
Hodgson, G. (2006). What are institutions? Journal of Economic Issues, 40, 1–25.Google Scholar
Hoffman, A. J. (1999). Institutional evolution and change: environmentalism and the U.S. chemical industry. Academy of Management Journal, 42(4), 351–71.Google Scholar
Hofsted, G. (1994). Cultures and Organizations. London: HarperCollins.Google Scholar
Humphrey, C. (2011). Regulating audit beyond the crisis: a critical discussion of the EU Green Paper. European Accounting Review, 20(3), 431–57.Google Scholar
Idowu, S. and Filho, W. L. (2009). Professionals’ Perspectives of Corporate Social Responsibility. Berlin/Heidelberg: Springer-Verlag.Google Scholar
Institute of Chartered Accountants in England and Wales (ICAEW). (1993). Business, Accountancy, and the Environment: A Policy and Research Agenda. London: ICAEW.Google Scholar
International Accounting Standards Board (IASB). (2005). Discussion Paper. Management Commentary. London: IASB.Google Scholar
International Accounting Standards Board (IASB). (2007). Information for Observers: Agenda Proposal (Agenda Paper 5D). London: IASB.Google Scholar
Johnston, C. (2017). Bell Pottinger expelled from trade body for South African campaign. 4 September [online]. www.bbc.co.uk/news/business–41151361.Google Scholar
Junior, R. M., Best, P. J. and Cotter, J. (2014). Sustainability reporting and assurance: a historical analysis on a world-wide phenomenon. Journal of Business Ethics, 120(1), 1–11.Google Scholar
Keil, M., Tiwana, A., Sainsbury, R. and Sneha, S. (2010). Toward a theory of whistleblowing intentions: a benefit-to-cost differential perspective. Decision Sciences, 41, 787–812.CrossRefGoogle Scholar
Khalil, S., Saffar, W. and Trabelsi, S. (2015). Disclosure standards, auditing infrastructure, and bribery mitigation. Journal of Business Ethics, 132, 379–99.Google Scholar
Kiliç, M. and Kuzey, C. (2018). Determinants of forward-looking disclosures in integrated reporting. Managerial Auditing Journal, 33(1), 115–44.Google Scholar
Kim, S. and Trotman, K. T. (2014). The comparative effect of process and outcome accountability in enhancing professional scepticism. Accounting and Finance, 55(4), 1015–40.Google Scholar
KPMG, 2015. Currents of Change: The KPMG Survey of Corporate Responsibility Reporting 2015. Amsterdam: KPMG International.Google Scholar
KPMG, 2017. KPMG Survey of Corporate Responsibility Reporting 2017. Amsterdam: KPMG International.Google Scholar
Kraakman, R. (1986). Gatekeepers: the anatomy of a third-party enforcement strategy. Journal of Law Economics and Organization, 2, 53–104.Google Scholar
Lail, B., MacGregor, J., Stuebs, M. and Thomasson, T. (2015). The influence of regulatory approach on tone at the top. Journal of Business Ethics, 126, 25–37.Google Scholar
Lamberton, G. (2000). Accounting for sustainable development – a case study of city farm. Critical Perspectives on Accounting, 11(5), 583–605.Google Scholar
Landier, A. and Nair, V. B. (2009). Investing for Change: Profit from Responsible Investment. New York: Oxford University Press.Google Scholar
La Porta, R., Lopez-de-Silanes, F., Shleifer, A. and Vishny, R. (2002). Investor protection and corporate valuation. Journal of Finance, 62(3), 1147–70.Google Scholar
Lennox, C. and Pittman, J. (2010). Auditing the auditors: evidence on the recent reforms to the external monitoring of audit firms. Journal of Accounting and Economics, 49, 84–103.Google Scholar
Lowenstein, L. (1996). Financial transparency and corporate governance: you manage what you measure. Columbia Law Review, 96(5), 1335–62.Google Scholar
Macdonald, G. (2002). The Taxation of Business Income: Aligning Taxable Income with Accounting Income. Tax Law Review Committee (TLRC) Discussion Paper No. 1. London: TLRC and Institute of Fiscal Studies. https://ifs.org.uk/comms/dp2.pdf.Google Scholar
McNulty, T. and Stewart, A. (2015). Developing the governance space: a study of the role and potential of the company secretary in and around the board of directors. Organisational Studies, 36(4), 513–35.Google Scholar
Mock, T. T., Bédard, J., Coram, P. J., Davis, S. M., Espahbodi, R. and Warne, R. C. (2013). The audit reporting model: current research synthesis and implications. Auditing: A Journal of Practice & Theory, 32(1), 323–51.CrossRefGoogle Scholar
Moore, M. (2008). Averting the overprescription of UK corporate governance norms. Journal of Securities Law Regulation and Compliance, 2(1), 71–87.Google Scholar
Morimoto, R., Ash, J. and Hope, C. (2005). Corporate social responsibility audit: from theory to practice. Journal of Business Ethics, 62, 315–25.Google Scholar
Mueller, F., Carter, C. and Ross-Smith, A. (2011). Making sense of career in a Big Four accounting firm. Current Sociology, 59(4), 551–67.Google Scholar
Neil, J. D., Stovall, O. S. and Jinkerson, D. L. (2005). A critical analysis of the accounting industry’s voluntary code of conduct. Journal of Business Ethics, 59(1–2), 101–8.Google Scholar
O’ Dwyer, B. (2011). The case of sustainability assurance: constructing a new assurance service. Contemporary Accounting Research, 28(4), 1230–66.Google Scholar
O’ Dwyer, B., Owen, D. and Unerman, J. (2011). Seeking legitimacy for new assurance forms: the case of assurance on sustainability reporting. Accounting, Organizations and Society, 36(1), 31–52.Google Scholar
Organisation for Economic Cooperation and Development (OECD) Directorate for Financial, Fiscal and Enterprise Affairs (Ad Hoc Task Force on Corporate Governance). (1999). OECD Principles of Corporate Governance. Geneva: OECD. www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=C/MIN(99)6&docLanguage=En.Google Scholar
Organisation for Economic Cooperation and Development (OECD). (2015). G20/OECD Principles of Corporate Governance, Paris: OECD Publishing. www.oecd-ilibrary.org/docserver/9789264236882-en.pdf?expires=1648926477&id=id&accname=guest&checksum=54DE5EABF52ECE285C544268798F227C.Google Scholar
Osuji, O. K. (2019). Club theory and performance evaluation. In Ngwu, F., Osuji, O., Ogbechie, C. and Williamson, D., eds., Enhancing Board Effectiveness – Institutional, Regulatory and Functional Perspectives for Developing and Emerging Markets. New York: Routledge, pp. 151–83.Google Scholar
Parkinson, J. (2006). Corporate governance and the regulation of business behaviour. In MacLeod, S. (ed.), Global Governance and the Quest for Justice. Volume II: Corporate Governance. Oxford: Hart, pp. 1–26.Google Scholar
Patelli, L. and Pedrini, M. (2015). Is tone at the top associated with financial reporting aggressiveness? Journal of Business Ethics, 126, 3–19.Google Scholar
Payne, E. A. and Ramsay, R. J. (2005). Fraud risk assessments and auditors’ professional scepticism. Managerial Auditing Journal, 20(3), 321–30.Google Scholar
Peifer, J. L. (2014). Fund loyalty among socially responsible investors: the importance of the economic and ethical domains. Journal of Business Ethics, 121, 635–49.Google Scholar
Pittroff, E. (2014). Whistle-blowing systems and legitimacy theory: a study of the motivation to implement whistle-blowing systems in German organisations. Journal of Business Ethics, 124, 399–412.CrossRefGoogle Scholar
Powell, J. L. and Stewart, R. (2007). Accountants and auditors. In Jackson & Powell on Professional Liability, 6th ed., Powell, J., Stewart, R. and the Hon. Mr Justice Jackson, , eds. London: Sweet & Maxwell.Google Scholar
Prado-Lorenzo, J. M., Gallego-Alvarez, I. and Garcia-Sanchez, I. M. (2009). Stakeholder engagement and corporate social responsibility reporting: the ownership structure effect. Corporate Social Responsibility and Environmental Management, 16(2), 94–107.Google Scholar
Quadackers, L., Groot, T. and Wright, A. (2014). Auditors’ professional scepticism: neutrality versus presumptive doubt. Contemporary Accounting Research, 31(3), 639–57.Google Scholar
Quick, R., Turley, S. and Willekens, M. (2008). Auditing, Trust and Governance: Developing Regulation in Europe. New York: Routledge.Google Scholar
Rachagan, S. and Kuppusamy, K. (2013). Encouraging whistle blowing to improve corporate governance? A Malaysian initiative. Journal of Business Ethics, 115, 367–82.CrossRefGoogle Scholar
Rahim, M. M. and Idowu, S. O. (2015). Social Audit Regulation: Development, Challenges and Opportunities. Heidelberg/Dordrecht: Springer.Google Scholar
Renneboog, L., Ter Horst, J. and Zhang, C. (2008). Socially responsible investments: institutional aspects, performance, and investor behaviour. Journal of Banking and Finance, 32(9), 1723–42.Google Scholar
Rinaldi, L. (2019). Accounting for sustainability governance: the enabling role of social and environmental accountability research. Social and Environmental Accountability Journal, 39(1), 1–22.Google Scholar
Romero, S. (2010). Auditor independence: third party hiring and paying auditors. Euromed Journal of Business, 5(3), 298–314.Google Scholar
Samsonova-Taddei, A. and Siddiqui, J. (2016). Regulation and the promotion of audit ethics: analysis of the content of the EU’s Policy. Journal of Business Ethics, 139, 183–95.CrossRefGoogle Scholar
Scalet, S. and Kelly, T. F. (2009). CSR rating agencies: what is their global impact? Journal of Business Ethics, 94(1), 69–88.Google Scholar
Scholtens, B. (2014). Indicators of responsible investing. Ecological Indicators, 36(1), 382–5.Google Scholar
Scholtens, B. and Sievaänen, R. (2013). Drivers of socially responsible investing: a case study of four Nordic countries. Journal of Business Ethics, 115(3), 605–16.Google Scholar
Scott, W. (2001). Institutions and Organizations. Thousand Oaks, CA: Sage.Google Scholar
Scott, W. (2008). Approaching adulthood: the maturing of institutional theory. Theory and Society, 37(5), 427–42.Google Scholar
Shapiro, B. and Matson, D. (2008). Strategies of resistance to internal control regulation. Accounting, Organizations and Society, 33(2/3), 199–228.Google Scholar
Shi, G. and Sun, J. (2015). Corporate bond covenants and social responsibility investment. Journal of Business Ethics, 131, 285–303.Google Scholar
Sikka, P. (2009). Financial crisis and the silence of the auditors. Accounting, Organizations and Society, 34(6–7), 868–73.Google Scholar
Singh, D. (2013). Role of external auditors in bank supervision: a supervisory gatekeeper. International Lawyer, 47(1), 65–98.Google Scholar
Sinkovics, N., Hoque, S. F. and Sinkovics, R. R. (2016). Rana plaza collapse aftermath: are CSR compliance and auditing pressures effective? Accounting, Auditing & Accountability Journal, 29(4), 617–49.Google Scholar
Sirois, L., Bédard, J. and Bera, P. (2018). The informational value of key audit matters in the auditor’s report: evidence from an eye-tracking study. Accounting Horizons, 32(2), 141–62.CrossRefGoogle Scholar
Smith, R. C. and Walter, I. (2006). Governing the Modern Corporation: Capital Markets, Corporate Control and Economic Performance. New York: Oxford University Press.Google Scholar
Soh, D. S. B. and Martinov-Bennie, N. (2011). The internal audit functions: perceptions of audit roles, effectiveness and performance. Managerial Auditing Journal, 26(7), 605–22.Google Scholar
Solomon, J. (2007). Corporate Governance and Accountability. Hoboken, NJ: John Wiley & Sons.Google Scholar
Stuart, A. C., Bedard, J. C. and Clark, C. E. (2020). Corporate social responsibility disclosures and investor judgments in difficult times: the role of ethical culture and assurance. Journal of Business Ethics. https://doi.org/10.1007/s10551-020-04454-zGoogle Scholar
Tashman, P. and Rivera, J. (2010). Are members of business for social responsibility more socially responsible? Policy Studies Journal, 38(3), 487–514.Google Scholar
Tricker, B. (2009). Corporate Governance: Principles, Policies, and Practices. Oxford: Oxford University Press.Google Scholar
Trinks, P. J. and Scholtens, B. (2017). The opportunity cost of negative screening in socially responsible investing. Journal of Business Ethics, 140, 193–208.CrossRefGoogle Scholar
Trongmateerut, P. and Sweeney, J. T. (2013). The influence of subjective norms on whistle-blowing: a cross-cultural investigation. Journal of Business Ethics, 112(3), 437–51.Google Scholar
Turker, D. (2009). Measuring corporate social responsibility: a scale development study. Journal of Business Ethics, 85(4), 411–27.Google Scholar
Turnbull, S. (2000). The statutory framework. In Button, M. and Hatchley, K., eds., A Practitioner’s Guide to the Financial Services Authority Listing Rules 2000/2001 Edition. Old Woking: City & Financial Publishing, pp. 15–37.Google Scholar
United Kingdom House of Commons, Business, Energy and Industrial Strategy and Work and Pensions Committees. (2018). Carillion: Second Joint Report from the Business, Energy and Industrial Strategy and Work and Pensions Committees of Session 2017–19; Tenth Report of the Business, Energy and Industrial Strategy Committee of Session 2017–19; Twelfth Report of the Work and Pensions Committee of Session 2017–19. London: House of Commons.Google Scholar
United Kingdom House of Commons, Treasury Committee. (2008). The Run on the Rock. Fifth Report of Session 2007-08 Vol. 1. London: The Stationery Office.Google Scholar
United Kingdom House of Commons, Work and Pensions and Business, Innovation and Skills Committees. (2016). BHS. First report of the Work and Pensions Committee and Fourth Report of the Business, Innovation and Skills Committee of Session 2016–17. London: House of Commons.Google Scholar
United States Department of Justice, Office of Public Affairs. (2020). Justice Department announces global resolution of criminal and civil investigations with opioid manufacturer Purdue Pharma and civil settlement with members of the Sackler Family. 21 October. www.justice.gov/opa/pr/justice-department-announces-global-resolution-criminal-and-civil-investigations-opioid.Google Scholar
Vadera, A. K., Aguilera, R. V. and Caza, B. B. (2009). Making sense of whistle-blowing’s antecedents. Business Ethics Quarterly, 19(4), 553–86.Google Scholar
Velte, P. and Freidank, C. (2015). The link between in- and external rotation of the auditor and the quality of financial accounting and external audit. European Journal of Law and Economics 40(3), 225–46.Google Scholar
Villiers, C. (2006). Corporate Reporting and Company Law. Cambridge: Cambridge University Press.Google Scholar
World Bank. (2003). Global Corporate Governance Forum. Washington, DC: World Bank.Google Scholar
Zadek, S., Pruzan, P. and Evans, R. (2003). How to do it. In Zadek, S., Evans, R. and Pruzan, P., eds., Building Corporate Accountability: Emerging Practices in Social and Ethical Accounting, Auditing and Reporting. Abingdon, UK: Earthscan, pp. 35–49.Google Scholar
Zu, L. (2013). Social auditing. In Idowu, S. O., Capaldi, N., Zu, L. and Das Gupta, A., eds., Encyclopaedia of Corporate Social Responsibility. Heidelberg: Springer, pp. 2179–88.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×