Q1

a) Provide some arguments for, and some against, the international standardization of accounting reporting. Which arguments do you consider to be more compelling and why?

b) "A conflict of interest can be argued to exist between the corporate objective of maximising shareholder's wealth and that of corporate social responsibility." Critique and briefly discuss this statement.

c) State and explain the importance of the six principles used to define report quality in the Global Reporting Initiative (GRI).

d) Which other framework can the GRI principles stated in part (a) be drawn reference to and how are both similar?