The Meaning and Classification of Financial and Administrative Deviations according to the Thought of CSR: An Initiative to Promote Contemporary Internal Auditing Idea

  • Younis A. Battal Saleh General Electricity Company "GECOL" In Benghazi-Libya
Abstract viewed: 159 times

Download PDF downloaded: 159 times
Keywords: Traditional Internal Audit, Corporate Social Responsibility, Contemporary Internal Auditing, Performance Evaluation, Administrative Deviations, Financial Deviations

Abstract

Abstract -- This theoretical study aims to classify administrative and financial deviations in accordance with the content of the idea of CSR.. The approach used in this study is creative; creative thinking is the ability to generate a new and useful idea that has not been touched before; a skill that enables you to create original, unique, and unconventional ideas. The researcher adopted the idea of classification based on affiliation. Commitment to CSR is essentially a commitment to the four responsibilities ″economic, legal, ethical, and philanthropic.″ Also, administrative and financial deviations are violations that can be classified within one of the following areas: economic, legal, ethical, or philanthropic, if the reluctance to do charitable work is considered a deviation. Therefore, any administrative or financial deviations can be attributed to one of those responsibilities. More profoundly and extensively, this study was able to classify administrative and financial deviations according to the thought of CSR into four categories: Deviation from economic responsibility; deviation from legal responsibility; deviation from ethical responsibility; deviation from philanthropic responsibility. Classifying administrative and financial deviations according to the thought of CSR is to enrich and enhance the idea of contemporary internal auditing- which has become concerned with matters of CSR. According to the modern perception regarding internal audit functions, the internal audit department in any organization can adopt and use this classification, whether in the field of ensuring CSR reports, monitoring and evaluating CSR, or reporting on CSR. Adopting this classification will help internal audit departments accomplish their tasks in the field of CSR in a more accurate and objective manner.

Downloads

Download data is not yet available.

References

A. S. H. A. R. Baroudi, “Suggested approach to the internal audit of corporate social responsibility activities,” Fac. Commer. Cairo Univ., [Online]. Available: https://scholar.cu.edu.eg/?q=alibarody/files/2.pdf.

S. Ramamoorti, “Chapter 1 Internal Auditing : History , Evolution , and Prospects,” Res. Oppor. Intern. Audit., pp. 1–23, 2003, [Online]. Available: https://na.theiia.org/iiarf/Public Documents/Chapter 1 Internal Auditing History Evolution and Prospects.pdf.

A. H. M. A.-S. Ismael, “The role of the internal audit in raising the efficiency of the financial and accounting performance of the insurance sector. A field study on a sample of insurance companies in the Republic of Sudan and the Kingdom of Saudi Arabia,” Sudan University of Science and Technology, 2016.

S. E. Nafuna, “The Role Of The Internal Audit Function And The Performance Of Government Institutions A Case Study Of Uganda Revenue Authority,” 2012. [Online]. Available: http://hdl.handle.net/10570/4911.

M. T. FļlĶp and S. V. Szekely, “The evolution of the internal auditing function in the context of corporate transparency,” Audit Financ., vol. 15, no. 147, p. 440, 2017, doi: 10.20869/auditf/2017/147/440.

A. Y. Mermod and G. Sungun, “Internal Audit Positioning-Four Stage Model,” J. Business, Econ. Financ., vol. 2, no. 1, pp. 65–89, 2013.

https://elmqal.com/scientific-research/.” .

https://www.ipai.pt.” .

S. N. Y. Simpson, F. Aboagye-Otchere, and R. Lovi, “Internal auditing and assurance of corporate social responsibility reports and disclosures: Perspectives of some internal auditors in Ghana,” Soc. Responsib. J., vol. 12, no. 4, pp. 706–718, 2016, doi: 10.1108/SRJ-09-2015-0134.

B. Fadhel and A. Dakhil, “The role of internal audit in promoting social performance reportstle,” J. Econ. Adm. Sci., vol. 25, no. 115, pp. 491–506, 2019.

Institute of Internal Auditors (IIA), International Professional Practices Framework [IPPF]. FL: Altamonte Springs, 2012.

IIA, “Evaluating corporate social responsibility/sustainable development.” pp. 1–22, 2010, Accessed: Feb. 28, 2022. [Online]. Available: www.theiia.org/guidance.

A. B. S. Younis, “Spotlight on Corporate Social Responsibility Thought in the Field of Non-Profit Public Sector Institutions:An Initiative to Promote CSR Thought in Libya,” J. Bus. Sch., vol. 4, no. 2, pp. 128–141, 2021, doi: 10.26677/tr1010.2021.844.

A. B. Carroll, “The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders,” Bus. Horiz., vol. 34, no. 4, pp. 39–48, 1991, doi: 10.1016/0007-6813(91)90005-G.

A. A. Al Am, “Digitales Archiv,” Acad. J. Econ. Stud., vol. Vol.2, No., pp. 55–63, 2016.

Y. A. B. Saleh, “Corporate Donations as a Source of Financing an Innovative Strategic Economic Plan to Strengthen the National Economy in More Than One Axis in Developing and Poor Countries: A Justified View,” Bus. Innov. Entrep. J., vol. 3, no. 1, pp. 45–61, 2021, doi: 10.35899/biej.v3i1.200.

A. B. Carroll, “Carroll’s pyramid of CSR: taking another look,” Int. J. Corp. Soc. Responsib., vol. 1, no. 1, 2016, doi: 10.1186/s40991-016-0004-6.

D.-A. Ibanga, “Is there a social contract between the firm and community: Revisiting the philosophy of corporate social responsibility?,” Int. J. Dev. Sustain., vol. 7, no. 1, pp. 355–380, 2018, [Online]. Available: www.isdsnet.com/ijds.

Published
2022-03-05
How to Cite
[1]
Y. A. Saleh, “The Meaning and Classification of Financial and Administrative Deviations according to the Thought of CSR: An Initiative to Promote Contemporary Internal Auditing Idea”, BIEJ, vol. 4, no. 1, pp. 27-42, Mar. 2022.