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In the context of financial reporting and corporate governance, discuss the role of social responsibility and its impact on financial performance. 1 . Analyze the

In the context of financial reporting and corporate governance, discuss the role of social responsibility and its impact on financial performance.
1. Analyze the challenges and benefits associated with incorporating social responsibility into financial reporting, and discuss the potential implications for stakeholders such as investors, creditors, and the broader community.
2. How should companies account for and disclose socially responsible activities in their financial statements?

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