CSR - Challenges for Auditors & Changing Roles

As it was rightly quoted by some businessmen that "The Business does not exist in Vacuum", today its relevance can be seen in the changing business scenario. Corporate Social Responsibility (CSR) is gaining prominence as it is found and understood by many successful businessmen that sustainability and growth can be achieved only by taking together corporates, stakeholders, public and environment in achieving the objectives. While doing so, the roles of Auditors are commendable, as they act as a link between coportates and public. There is significant change in the roles which they used to perform earlier compared to that of now. Auditors are no more persons who just audit books of accounts, give audit reports and verify financial data but, now it is more of issue investigation, coming up with solutions, checking systems and controls, data security and management etc.. Understanding their relationship with different organizational structure is more important today as they are the people who work not only for organization but also for the public.