Many cooperate boards are now agreed on the need to take responsibility for any potential or actual social impact caused by their companies activities. This is done through a social responsibility report.

Required:

(a). Write short notes on five issues/stakeholders that may be addressed by a companys social responsibility report. (5 marks)

(b). Explain five benefits that would accrue to a company from the reporting of the companys social responsibility activities. (5 marks)

(c). Comparing conventional financial accounting reporting with social responsibility reporting, list and explain five challenges peculiar to social responsibility accounting

. (5 marks)

(Total: 15 marks)