The Discussion On The Audit Of Corporate Social Responsibility Information Disclosure In China

The development of China’s economy has accomplished a notable success in the recent years. However, the traditional target of financial profit maximization has somehow brought a series of social problems, such as environment pollution, tax avoidance, infringement of employees’rights and interests, poor product quality and so on. These problems have led to not only the increasingly demands of corporate social responsibility (CSR) from the public but also the supervision of CSR information disclosure from the government. Moreover, with the further economic globalization, countries started to share a continuous economic increase and a greater culture fusion, which has also changed the traditional target of financial profit maximization into a further focus on the conservation of nature resource and environment, the protection of employees’rights and interests, the compliance of business ethics and other social responsibilities. As a result, the CSR information disclosure, together with its audit issues, is becoming more and more urgent to meet the needs of society’s knowledge about it.Nowadays, more and more enterprise information users, including stockholders, have realized the importance of CSR audit. It is also regarded as an effective solution to CSR problems and becoming more and more popular. As people pay more attention to CSR, the CSR audit comes to be more and more indispensible. Yet the study of CSR audit in China falls far behind demand. Although a part of Chinese enterprises have already been disclosing their CSR information, some of which have even passed the third party audit, there’re still a lot of problems in China’s CSR information disclosure and its audit waiting to be solved. To make suggestions, this paper gives an analysis on the present situation and difficulties of China’s CSR information disclosure and its audit issues, which is based on the existing research foundations, focuses on the literature review and logical deduction and uses data analysis and content induction.In the first part of this paper, the writer introduces the basic theories of CSR audit, like the theory of the stakeholder and that of the principal-agent. You can also have a general idea about the influence factors, the content and the form of China’s CSR audit, together with the necessity and the standard of carrying it out in China. All these lay a foundation of both theory and practice to the following study.The second part makes a thorough analysis about the present situation of CSR information disclosure and its audit in China. As CSR audit is based on CSR information disclosure, it also has an irreplaceable meaning to the carrying out of CSR audit in China. Since there is just CSR verification report but not CSR audit report in China now, this part talks about the present carrying out situation of China’s CSR information disclosure from CSR audit, CSR information disclosure and CSR verification report. After the search and analysis of massive data, there is an analysis about the present carrying out situation of China’s CSR information disclosure from different periods, different areas, different fields and different enterprises. You can find a second analysis about the present carrying out situation and problems about China’s CRS audit from the CRS to staff, consumers, environment, the public and the government. After that, a third analysis shows the present situation of CSR verification report from the periods, the standards and the procedures of different verifications.In the third part of the paper, you will see the reasons that why there are so many problems in China’s CRS information disclosure audit, including the unsoundness of accounting system, indetermination of laws, regulations and standards in CSR audit, the imperfection of theory system, the lack of skill among auditors and so on. These problems lead to the predicament that we have no laws or regulations or standards to obey in many cases.What’s coming next is the practice and experience of CSR information disclosure and its audit in America, Britain and other countries, from which we can conclude that the public awareness of CSR is the social basis of carrying out CSR information disclosure and its audit, while the formulation of related regulations and standards is the implemental premise of that. These practice and experience also tell us that the foundation of CSR management mechanism is the managing security of CSR information disclosure and its audit.In the last part of this paper, there are more than ten suggestions for the improvement of CSR information disclosure in China, such as enhancing the awareness of CSR, establishing the laws and policies of CSR, perfecting the theory system, regulating the accounting information disclosure standards, founding the joint audit system and evaluation mechanism, improving the professional quality of auditors. We hope that these suggestions will advance the implement of CSR information disclosure audit in China and help our economy to develop more rapidly and orderly.