Journal article
Restatement of CSR Reports: Frequency, Magnitude, and Determinants*
Matthew Pinnuck, Ajanee Ranasinghe, Naomi Soderstrom, Joey Zhou
CONTEMPORARY ACCOUNTING RESEARCH | WILEY | Published : 2021
Abstract
We provide the first direct analysis of the magnitude of unreliable quantitative information disclosed in corporate social responsibility (CSR) reports. CSR report reliability is of particular interest to fund managers for investment decisions as well as to policymakers for regulating and monitoring purposes. However, surprisingly little is known about CSR reporting reliability despite concerns raised in the prior literature. We examine how often CSR reports for the Global Fortune 250 (G250) are restated, the magnitude of restatements, and factors associated with restatements during the period 2006 to 2013. During this sample period, the occurrence of restatements increased monotonically, wi..
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