Social Audit is basically a process through which organizations are enabled to assess and demonstrate the social, economic and environmental limitations and benefit for itself. This process helps in measuring the extent to which organizations hold to their shared values and objectives.
In other words, a social audit is a review of a business' social responsiveness.
Difference between social accounting and social audit?
What is a social audit?A social audit is the process through which all details of a public scheme are scrutinised by its beneficiaries. A social audit seeks to evaluate how well public resources are being used to meet the real needs of target beneficiaries. The Social Audit Guide is available for download. Further information can be obtained fromhttp://www.tisa.or.ke/website/what-is-a-social-audit.html
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.
They are fundamental principles assumed to be truths which help to explain the social purpose of Auditing and / or audit practice.
between financial audit and cost audit
Difference between social accounting and social audit?
What is a social audit?A social audit is the process through which all details of a public scheme are scrutinised by its beneficiaries. A social audit seeks to evaluate how well public resources are being used to meet the real needs of target beneficiaries. The Social Audit Guide is available for download. Further information can be obtained fromhttp://www.tisa.or.ke/website/what-is-a-social-audit.html
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.
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In a social audit, the auditor examines what the business has done for the benfit of the environment and society.
Social Audit.
A formal and thorough analysis of the firm's social performance.
Now, the college students are intensively participating in teaching the remote area students with good English. Thus social audit is a basic tool for these activities. Today a group of students, tomorrows it will be 100s,1000s,finally 100000s.
A systematic analysis of how a firm is using funds earned marked for social responsibility goals and how effective these expenditures are
Social audit is one of the audit functions with focus on monitoring various programs. In India, it is used in the context of the effectiveness of the schemes / programs run by the Government of India. Also, recently it has been used to check the effectiveness of the popular scheme NREGA (National Rural Employment Guaranty Act / Scheme). More on this is available at:http://www.rajeshtimane.com/4/ngos/social-audit.htmlor visit: http://www.rajeshtimane.com/
how to determine what should be measured and how to calculate the effect on society.
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.