Year: 2025
Type: article
Abstract: The study explores the significance of Corporate Social Responsibility (CSR) audits in enhancing the financial stability and sustainability of organizations. CSR audits help assess the effectiveness of a company's social, environmental, and ethical initiatives, ensuring that they align with both organizational goals and societal expectations. The research examines how CSR audits contribute to improved transparency, reduced financial risks, and better long-term financial performance. By analyzing CSR practices in various organizations, the study highlights the direct correlation between comprehensive CSR auditing and organizational stability. The findings indicate that organizations with effective CSR audits tend to have stronger brand reputations, improved employee morale, and better financial outcomes. The study concludes with recommendations for integrating CSR auditing into corporate strategies, enhancing transparency, and mitigating risks to strengthen overall financial health.
Source: Economics Finance and Accounting
Author: Ani Mkrtchyan
Institution: Northern University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409539360