Social Accountability and Disclosure
This article throws light upon the two approaches followed for social accountability and disclosure. The approaches are: 1. Narrative disclosure 2. Reporting in Formats. Social Accounting: Disclosure Approach # 1. Narrative disclosure: Important social issues, e.g. on pollution control, equal employment opportunity, product safety, etc., are addressed in contemporary financial reports as 'footnotes'. They are mainly verbal descriptions, and highlight [...]