Accountability, Completeness, Credibility and the Audit Expectations Gap
HEADNOTE
audits in improving the completeness and credibility of reporting, thereby reducing the audit expectations gap. We suggest that this gap arises due to an over-emphasis on the validity of performance data at the expense of addressing completeness and credibility, both of which, we argue, require stakeholder involvement. The article reviews recent guidelines aimed at ensuring that companies produce reports that are complete in all material respects including those produced by the Global Reporting Initiative and the Federation des Experts Comptables Europeens, focusing particularly on AccountAbility's AA1000 Standard and AA1000S Assurance Standard. Finally, the article considers the development of a practical approach to social audit following principles increasingly being incorporated into developing assurance guidelines aimed at reducing the audit expectations gap.
This article deals with two concerns in achieving greater accountability in social reports: the lack of completeness of reporting, and the lack of credibility of reports. The article focuses, in particular, on the role of social
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HEADNOTE Good ideas and top tips for corporate responsibility reporting Gap Inc. published its first social report in May 2004, receiving praise from NGOs and ......
FAIRFIELD, Conn. -- GE released today its first citizenship report highlighting its performance, progress and challenges in a variety of citizenship areas, including compliance ......
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