CORPORATE REPORTING TRANSFORMATION: THE VALUE OF CSR REPORT AUDITS IN NIGERIAN BANKS

Authors

  • Adedayo Bello

    Department of Accounting Al-Hikmah University Adewole, Ilorin, Nigeria

    Author

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Abstract

This study examines the value-adding potential of Corporate Social Responsibility (CSR) report audits in enhancing corporate reporting within the Nigerian banking sector. In an era where stakeholders demand transparency and accountability, CSR reporting has become a critical component of corporate communication. However, the reliability of these reports often comes into question due to the lack of independent verification. This research explores the role of CSR report audits in providing credibility, improving the quality of disclosures, and fostering trust among stakeholders. Using a combination of qualitative interviews with banking professionals and a review of existing CSR audit practices, the study finds that CSR audits significantly enhance the accuracy, transparency, and comparability of corporate reports. The findings also reveal that audited CSR reports strengthen the banks’ reputation, attract investors, and improve regulatory compliance. This research contributes to the understanding of how Nigerian banks can leverage CSR report audits to elevate their corporate reporting standards and meet stakeholder expectations.

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References

REFERENCE

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Published
2024-10-01
Issue
Vol. 12 No. 10 (2024): Volume 12 Issue 10
Section
Articles
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Copyright (c) 2024 Adedayo Bello (Author)

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How to Cite

Adedayo Bello. (2024). CORPORATE REPORTING TRANSFORMATION: THE VALUE OF CSR REPORT AUDITS IN NIGERIAN BANKS. IFSMRC African International Journal of Research in Management, 12(10), 1-7. https://ifsmrc.org/index.php/aijrm/article/view/39

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