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a) What is the difference between sustainability reports and traditional financial reports? b) Define externalities Are they included in the calculation of accounting profit? c)

a)

What is the difference between sustainability reports and traditional

financial reports?

b)

Define externalities Are they included in the calculation of accounting

profit?

c)

How does Legitimacy Theory and Stakeholder Theory help to explain

corporate managers voluntarily reporting on the social and environmental

effects of their business activities?

d)

Does information in a sustainability report meet the qualities of Relevance

and Faithful Representation as identified in the Conceptual Framework?

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