BENEFITS OF MANDATORY DISCLOSURE
Absolutely no plagiarism, must be original and very thorough. Please make sure everything is followed in the question and the grading rubric. Assigned articles is attached but also must include at least three other academic relevant outside resource, total of at least 4 references. Must include in-text citations. Please include the free link to the relevant academic source.
Supporting material: Please feel free to use these links…Must also include one other academic relevant outside resource.
Hansye, Y. K. (2012). The audit committee: A gatekeeper for effective corporate governance (Master’s Thesis). Social Science Research Network. Retrieved from: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2179389
Ioannou, I., & Serafeim, G. (2012). The consequences of mandatory corporate sustainability reporting. Social Science Research Network. Retrieved from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1799589
Audit Committee Resource Guide. (2015). Deloitte. Retrieved from corpgov.deloitte.com
Question:Benefits of Mandatory Disclosure
After reading the assigned article, The Consequences of Mandatory Corporate Sustainability Reporting, how do you see sustainability reporting being incorporated in the roles and responsibilities of the Audit Committee? How would mandatory disclosure benefit the organization? Provide specific examples to support your viewpoint.
Write a 5-page paper about your argument in a Word document (or equivalent format) that includes the following:
1. A cover sheet (no abstract)
2. Margins/font size/spacing: 1” margins top, bottom, left and right, size 12-point font, double spacing evenly throughout.
3. Minimum of 3 references to valid (recent, relevant, high-quality) external sources of information and properly cited within the text and cited in APA format within the reference page.
Please see grading rubric below. This assignment should be at least 5 pages long and very thorough. Make sure you integrate real-life applications to support key points.
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Answer preview
Many organizations around the world have been obligated to adhere to the disclosure regulations. This has helped in improving the companies’ ESG, that is, the Environmental, Social, and Governance (ESG) accomplishments. This, has, also, increased transparency in the companies’ operations. Mandatory disclosure especially in the roles of the audit committees is an essential aspect that promotes corporate social responsibility. The enactment of the Sarbanes-Oxley Act of 2002 (SOX) increased the audit committee’s roles (Cohen, et al., 2010). This has allowed sustainability to be effectively incorporated into the roles and responsibilities of the audit committee. Sustainability can be incorporated in various roles such as the role in overseeing the internal audit processes, risk management, and the role in overseeing the financial and accounting reporting.(1609words)