Detailed Information on Publication Record

The objective of the paper is to describe and analyze the relations between the IFRS, Corporate Social Responsibility and CSR Reporting and to discuss the significance of social reports as part of Financial Statements for investors. The paper focuses on the managerial implications of the current state of CSR and CSR reporting system at the level of SMEs. Two important research questions (inter alia) are answered: 1. Which are the future trends of the CSR and CSR reporting practical application? 2. Whether (and how) the IFRS Authorities could improve the content and structure of Social Reports to increase their attractiveness for investors? The author presents a brief case study of TMR, a. s., a Slovak company, to describe and discuss the historical development of the Social Reports during the researched period 2011–2019. The literature review illustrates a vast scope and variety of literature on CSR during the last 5 years. Selected articles are citing ideas of relevant authors that are discussed in the paper. Content and comparative analyses are the preferred research methods and/or tools; the research approach is qualitative. Substantial improvement of the Czech terminology is recommended, as the current terminology (in many cases) is misleading. The author’s recommendations are enumerated. Due to the limited scope of the article only selected problems of TMR reporting are discussed. The paper does not deal with the legal aspects of the CSR regulation. The usefulness of a combination of theoretical and practical research and the need for deeper research is accentuated.