Social Audit: An Initiative for Social Responsibility

   

Social audit is a way to document and hold a company accountable for its social and ethical business practices. It is a technique used for finding out how the social responsibility is being discharged by a business unit. A social audit helps to narrow gaps between vision and reality, between efficiency and effectiveness. It values voice of stakeholders including poor section of the society. It is taken up for the purpose of enhancing local governance, particularly for strengthening accountability and transparency in local bodies.

 

Social Audit – an Awareness to Protect Social Rights

A social audit is an internal examination of how a particular business is affecting a society. It serves as a way for a business to see if the actions being taken are being positively or negatively received and relates that information to the company’s overall public image. It examines issues regarding internal practices or policies and how they affect the identified society. This can include activities affecting the financial stability of a region, any environmental impact resulting from standard operations and issues of transparency in reporting.

 

Objectives of Social Audit

• -The development and improvement of company’s business
• -The payment of a fair and regular dividend to the shareholders
• -Fair wages
• -Reduction of price to the consumers

 

Features of Social Audit

• -Has a significant impact on society
• -Determines what an organization is doing in social areas
• -Auditing social performance is very difficult because most of the results of social activities occur beyond the companies limit
• -Quantitative and qualitative data are essential

 

Benefits of Social Audit

• -Enables company to take close look at itself
• -Understands how far the company has lived up to its social objectives
• -Provides data for comparing effectiveness of different types of programs
• -Provides information for effective response to external claimants

 

Want to conduct a social audit of your company, get in touch with China Inspection Service for a quality service. China Inspection Service has built its reputation on the basis of quality service and customer satisfaction. The expert employees of CIS perform audits very effectively and provide valuable suggestions and reforms for the betterment of the company. So, hire China Inspection Service and know your true potential in the market.