"Internal control and CSR as a means to business sustainability and profitability" : Case study: The Boeing Company Ltd.

Abstract: Modern businesses are trying to employ sustainability as part of their business structure. The alongside terms internal control and corporate social responsibility has also become a key concern for businesses in the ever changing business environment. Changes in business environment are unavoidable. In this paper, we have tried to link these three terms together. We have tried to find out the role of internal control and corporate social responsibility in sustainability of a business. We have selected Boeing as our case as it is a reputed giant corporation, who has practice COSO internal control framework and corporate social responsibility (CSR). We have discussed the models related to the terms and tried to find out how the company used those model into their organization. This paper also tried to find out if there is any direct link between internal control and CSR with a company being sustainable and profitable. Our study showed Boeing’s proper adaptation of COSO framework and CS model. Nevertheless, the study could not suggest any clear connection of internal control and CSR as a key mean for sustainability or profitability. However, a clear rise in goodwill has pointed out in the paper that could be a key outcome from effective internal control and CSR.