Question

Answer all (A-B) with reasoning

A.

Measurement of the quantitative impact of a company's actions on the society and environment in the context of social

responsibility _____

-should be limited only to their impact on the GDP of the economy.

-can be done easily with the help of surveys of affected people,

-is very difficult due to the dispersed nature of the outcome.

-has very few benefits to the society,

B.

According to the sarbanes-oxley act, if an employee manipulates financial information, who is ultimately responsible for ensuring the accuracy of the information? ___

-middle management

-external auditors

-individual employees

-top management

Answer 1

A)

-is very difficult due to the dispersed nature of the outcome.

Impact of actions on society and environment can be measured qualitatively, the quality of life improvements achieved but it's difficult to quantify these actions as the outcome achieved could be geographically or culturally dispersed

B)

-top management

As per the Sarbanes Oxley Act, the Top management is required to certify that the financial statements are free from any misstatements and if they are found to be inaccurate then the fines are imposed on the top management.