Independent social audits
Ernst & Young audits Amazon.
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
All levels of public administration in the United States--from municipalities to the federal agencies--undergo performance audits
Deloitte
has required that analytical procedures be performed during all audits of financial statements. The Auditing Standards Board did so through the issuance of Statement on Auditing Standards (SAS) No. 56 in 1988
An Independent accountant who performs financial audits are called "External Auditors".
KPMG, one of the Big Four accounting firms, is their independent auditor.
Independent social audits
While conducting audits whether they are taxation audits or quality check, the independence of the elected agency ensures tranparency and more freedon from internal pressures , politics and corruption.
Social Audits Contemporary Business 13th edition Boone & Kurtz Page 45
Internal audit is conducted by people from within the company. This is also known as first party audit. External audit is conducted by an independent party. Second or third party audits are external audits.
Businesses that are concerned about social responsibility will conduct social audits. This is a systematic evaluation of the organization's progress toward implementing socially responsible programs.
audits are....................
Independent Social Party of Angola was created in 1993.
Alliance of Independent Social Democrats was created in 2001.
An audit is used to determine the fairness of a financial statement. Audits should be performed by an independent organization that is separate from the owner of the corporation.
Social audits are used to determine and improve the ethical and social performance of a company. Advantages include encouraging community participation and developing social capital. The main disadvantages of a social audit are costs and commitment.