Corporate social responsibility (CSR)

Community Leadership and Philanthropy

Aginian Accounting demonstrates its commitment to community with our support of charitable and other nonprofit organizations. We believe it is the responsibility of successful businesses to contribute to the well-being of their neighborhoods and communities.

Aram Aginian serves as leaders of nonprofits organizations. Many of our personnel volunteer in community fundraising and donate their time to local cultural and educational organizations.

Our philanthropic commitment reflects the diverse interests of our clients and members of our firm.

Whether fundraising at an Armenian General Benevolent Union or AGBU Asbeds or Organization of Istanbul Armenians event or donating pro bono services to a worthy cause or commits its time local and regionally causes.

Aram Aginian serves as leaders of nonprofits organizations. Many of our personnel volunteer in community fundraising and donate their time to local cultural and educational organizations.

Our philanthropic commitment reflects the diverse interests of our clients and members of our firm. Whether fundraising at an Armenian General Benevolent Union or AGBU Asbeds or Organization of Istanbul Armenians event or donating pro bono services to a worthy cause or commits its time local and regionally causes.

1) Enhancing and/or maintaining reputation, demonstrating a concern for society and the environment provides one means the firm can signal its intention of acting in a socially responsible way. That is, the firm’s clients may have some confidence that they are purchasing services from a supplier which will not be future source of embarrassment. It follows that the high-quality auditor, tax advisor, insolvency practitioner will wish to adopt a robust CSR policy. Using the economics of quality, the higher quality supplier is better equipped to invest in developing a CSR framework and to quantify, monitor, report, and audit its actions. In return, the service provider with the enhanced reputation can achieve quasi-rents, i.e. charge premium fees.

2) A need to be seen as legitimate by stakeholders. Stakeholder theory and a later refinement, legitimacy theory, suggest that organizations’ pursue certain strategies because of a need to be regarded as legitimate by concerned stakeholders. As an influential part of the accounting profession, firms would need to be seen as able to act in the public interest. This might be seen as performing work to high ethical standards, which might be difficult to directly observe, and behaving in a responsible and altruistic manner by CSR work, which can be demonstrated by the gaining of various awards and kitemarks.

3) To recruit the best staff, employment as an accountant is frequently unfashionable and its occupational social utility misunderstood. Shows of CSR make accounting work potentially more attractive to new entrants. For example, Jeacle (2008) identifies the use of colorful and gregarious recruitment literature with beautiful, useful, and desirable employees undertaking community work, seemingly unrelated to accounting employment, to transform the identity of the grey, boring accountant. Similarly, duff (in press) records how depiction of volunteering in the big four’s annual reviews provides a means of making the firms appear more inclusive in gender and race terms.

4) To create a consistent framework across a global network. The development of a CSR framework allows a uniform approach to be adopted across the firms’ activities locally, nationally, and globally.

5) To reduce operating costs. Such as, potentially reducing carbon outputs has the ability to save costs. For example, reducing individual car and air travel by substituting car sharing, train travel, and use of video- and tele-conferencing can reduce costs. Similar benefits can be achieved through investment in buildings with lower carbon consumption.