CPA Australia (2005) made a submission to the Australian Government inquiry into corporate social responsibility in which it stated (p. 6):

While there is strong public (88%) and shareholder (86%) support for Government to mandate the reporting of companies’ social and environmental reporting this is not reflected in the views of business leaders (53%). CPA Australia believes this reflects a valid business concern that mandatory reporting would not enhance the value of the information provided and introduce an unnecessary layer of regulation.

Evaluate this statement from a ‘critical’ perspective.