CSR AUDIT IN THE CONTEXT OF IMPROVING THE FINANCIAL STABILITY OF ORGANIZATIONS

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.

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Publication Details

Journal
Economics Finance and Accounting
Published
2025-04-17
DOI
https://doi.org/10.59503/29538009-2025.1.15-100
Primary Topic
Economic and Business Development Strategies
Type
article
Field-Weighted Citation Impact
0.00
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article

CSR AUDIT IN THE CONTEXT OF IMPROVING THE FINANCIAL STABILITY OF ORGANIZATIONS

A. Mkrtchyan
Economics Finance and Accounting
Economic and Business Development Strategies
article

CSR AUDIT IN THE CONTEXT OF IMPROVING THE FINANCIAL STABILITY OF ORGANIZATIONS

A. Mkrtchyan
article en

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.

Economics Finance and AccountingVol. 1(15)
Northern University (PK)
Openalex Percentile: Top 88%
Economic and Business Development Strategies
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