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Chapter
42 Social Audit
Introduction
Social audit refers to the evaluation or assessment of a company’s
performance against planned goals in the area of social responsibility. It is a
way of measuring the extent to which a company’s actual performance
comes up to the social objectives set for itself.
Social audit serves as a “calculus for gauging the firm’s socially oriented
activities.” It is a systematic assessment of a company’s activities in terms
of their social impact.
Under this approach, the information obtained about the costs incurred in each
social activity is presented in the form of a social balance sheet.
Inventory Approach
This approach involves preparation of a list of social activities carried out by the
company.
Cont….
Outlay Approach
5. Recycle wastes.
A good social audit helps the company to identify, measure and monitor its
performance in the above areas, and make good any shortcomings in
discharging its social responsibilities.
Copyright © 2008, C Appa Rao, B Parathiswara Rao, K Sivaramakrishna
7. Comprehensive Audit
Copyright © 2008, C Appa Rao, B Parathiswara Rao, K Sivaramakrishna