Question 1 – 5 1992-1993 Salary data for a sample of 15 universities was obtained. We are curious about the relationship between mean salaries for assistant professors (junior faculty) and full professors (senior faculty) at a given university. IN particular, do universities pay (relatively) high salaries to both assistant and full professors, or are full professors treated much better than assistant professors? In other words, do senior faculty receive high salaries compared to other universities while junior faculty receive relatively low salaries? Suppose we fit the following simple linear regression model: Full Prof. Salary = 0 + 1 Asist. Prof. Salary + i  , where the deviations  i  were assumed to be independent and normally distributed, with mean 0 and standard deviation . The variables full Prof. Salary and Asst. Prof. Salary are the mean salaries for full and assistant professors at a given university. This model was fit to the data using the method of least squares. The following results were obtained from statistical software. Not that salaries were in thousands of dollars. Mean assistant professors salaries were treated as the explanatory variable and mean full professor salaries as the response variable.1.  The intercept of the least-squares regression line is (approximately)   2.  A 90% confidence interval for the slope 1 in the simple linear regression model is3.

You have been approached by Alex Wilson, the president of your local CPA Australia branch, toprepare a report on the current state of Corporate Social Responsibility (CSR) and Sustainability reporting and assurance. The report is to focus on Australia, the European Union (EU) and the United States of America (US) in particular. The final report is to be disseminated to attendees at the upcoming regional conference on ‘New Directions in Accounting’. You have also been asked to present a five-minute summation of your findings and answer questions from the attendees. 

Required

Preparea report that incorporates the following:

1. A definition and explanation of Corporate Social Responsibility (CSR) and sustainability reporting. (3 marks)
2. An explanation of similarities and differences between CSR and sustainability reporting. (3 marks)