Home Volumul 1 ECONOMIC AND SOCIAL RESPONSIBILITY OF FINANCIAL AUDIT - IN NEW DIMENSION

ECONOMIC AND SOCIAL RESPONSIBILITY OF FINANCIAL AUDIT - IN NEW DIMENSION


Borzan Anita*, Lentner Csaba**, Szigeti Cecília***
*Szent István University, Faculty of Economics, Békéscsaba, Hungary
**Wekerle Sándor Business College & Kaposvár University, Hungary
***Széchenyi István University, Kautz Gyula Faculty of Economics, Győr, Hungary
Abstract
We think that financial institutions have a greater social responsibility to develop their
customers’ financial culture than to support a football team. We assert that nowadays
financial institutions have a responsibility to be able to continue to operate banks without
auxiliary state support. We believe that auditors, who for decades certified the financial
reports of banks whose balance sheets were fictitious and whose depositors’ and
shareholders' money was not safe, played no small role in the development of the recent
financial crisis. Consequently we hold that the auditors’ greater social responsibility is
unavoidable. On the other hand, after the crisis, due to the fact that social responsibility has
come to the fore, auditors also have to prepare for the challenge that corporate reports are
increasingly integrated reports which, in addition to mandatory economic information, also
voluntarily impart data on social and environmental impact and activities.
Key words: social responsibility, crisis, financial audit

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