1. Explain why Corporate Social Reporting (CSR) has gained importance. Do you believe that the practice of CSR should be voluntary or regulated? What are some of the potential problems in trying to regulate these practices?

Be specific in your answer and provide examples.

2. Countries use different criteria to reinforce the independence of the auditors. Some of them have adopted a principle-based approach, while others have taken a conceptual approach.

What are the main differences between these two approaches? Which of them do you consider to be the most effective and why?