Introduction: The last three weeks have been so useful and rewarding as they have provided a solid foundation in financial reporting in particular, in ethical behavior and in relation to accountants and managers, in contract accounting leasing, correct value accounting, consolidation and accounting of intangible assets. Interestingly, there is discussion about the recognition of internally generated intangible assets in the financial statement; in recent weeks the pros and advantages of this concept have been carefully considered and discussed. Although not fully developed in Nigeria, the importance of disclosing corporate responsibility and sustainability initiatives to stakeholders cannot be overemphasized. For example, it allows organizations to measure and interpret the effects of their activities on the environment in order to establish greater credibility with their stakeholders. With this thought in mind, this article examines Rim et al. (2009) article on causality between corporate performance and financial performance: evidence from Canadian companies. It provides an overview of the article's content, research question, methodology, data, and conclusions. Additionally, the authors' opinion is evaluated for a position using additional references.Article OverviewRim et al. (2009) assessed the causal relationship between corporate social performance (CSP) and financial performance (FP) by performing a detailed analysis of 179 publicly traded Canadian firms sampled using the Granger causality approach. Granger causality is a statistical analysis model developed by Granger (1969) and based on prediction that determines the usefulness of one time series in predicting another. According to Granger (1969, p...... half of the paper ...... cially responsible”. Companies sometimes engage in corporate responsibility to improve their efficiency and strengthen their brand, which can ultimately translate into profitability through attracting new customers For example, companies such as Shell BP, General Electric, IBM, Google, etc., have gained a competitive advantage through corporate sustainability study on Korean companies conducted by Choi et al.( 2010, p.293) indicates a significant and positive relationship between CSR and financial performance. The importance of CSR explains why approximately “three-quarters of Global Fortune 250 companies surveyed in 2007-2008 have a publicly communicated CSR strategy that includes objectives. defined… and nearly 30% of global executives surveyed rate CSR as the top priority issue for their organizations and a further 40% assign it a high priority” (Choi et al., 2010, p...293).