A social audit is a way of measuring, understanding, reporting and ultimately improving an organization's social and ethical performance. A social audit helps to narrow gaps between vision/goal and reality, between efficiency and effectiveness. It is a technique to understand, measure, verify, report on and to improve the social performance of the organization.
Social auditing creates an impact upon governance. It values the voice of stakeholders, including marginalized/poor groups whose voices are rarely heard. Social auditing is taken up for the purpose of enhancing local governance, particularly for strengthening accountability and transparency in local bodies.
Advantages of social audit
(a) Trains the community on participatory local planning.
(b) Encourages local democracy.
(c) Encourages community participation.
(d) Benefits disadvantaged groups.
(e) Promotes collective decision making and sharing responsibilities.
(f) Develops human resources and social capital
the process of measuring the socially responsible activities of an organization. It monitors, measures, and appraises socially responsible performance.
The distribution of advantages and disadvantages within a society
Pollution, overpopulation, concentration of money and power to a few, social misery.
In addition to the presence of audit committees in companies listed on U.S. stock exchanges, a number of stock exchanges in Canada, Europe, Africa, the Middle East, and the Asia/Pacific region have adopted requirements for audit committees
There are many advantages of computers. They have let people from all over the world interact with each other, both on a social level and on a business level. They help speed up things like homework and paper writing, also.
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.
Difference between social accounting and social audit?
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.
What are advantages of human resources auditing
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
advantages and disadvantages of non statutory audit
advantages and disadvantages of non statutory audit
An advantage to having an external audit is the fact that the audit will not be biased. A disadvantage to external audits is the process. It can be long and invasive.
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.
allows an individual to identify their strength and weaknesses
yes
it is prepared by auditor for taking action to complete their assignment in well manner.