Social accounting corporations: current issues

Abstract

This article investigates the problem of forming social accountability of corporations, as a set of interrelated theoretical, practical and educational issues. Addressing these issues can contribute significantly to the development of accounting as a branch of scientific knowledge, the kind of practical activity, as well as an academic discipline. The author explores the most important reasons for the need for social accountability, argues convincingly that the concept of «corporate social reporting» most fully reflects the essence and purpose provided in the information it expresses the view of the conditions of application of different standards of social reporting, summarizes the known advantages and disadvantages of forming a social accountability.