Social Audit

Social Audit
A formal review of a company’s endeavors in social responsibility. A social audit looks at factors such as a company’s record of charitable giving, volunteer activity, energy use, transparency, work environment and worker pay and benefits to evaluate what kind of social and environmental impact a company is having in the locations where it operates. Social audits are optional—companies can choose whether to perform them and whether to release the results publicly or only use them internally.

In the era of corporate social responsibility, where corporations are often expected not just to deliver value to consumers and shareholders but also to meet environmental and social standards deemed desirable by some vocal members of the general public, social audits can help companies create, improve and maintain a positive public relations image. Good public relations is key because the way a company is perceived will usually have an impact on its bottom line.

Investment dictionary. . 2012.

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  • social audit — also ethical audit n an official examination of how well a company behaves, for example how it treats its workers, the environment etc ▪ a social audit of Ben & Jerry s Ice Cream …   Dictionary of contemporary English

  • social audit — social audit, 1. a systematic evaluation of the social consequences of a company s business policies and operations. 2. a statement of the findings of such a systematic evaluation: »The social audit…in general commends the company, which gives… …   Useful english dictionary

  • social audit — An audit of the impact of an organization on society. For example, an environmental audit is one kind of social audit. See also: social responsibility reporting …   Accounting dictionary

  • social audit — An audit of the non financial impact of an organization on society. For example, an environmental audit is one kind of social audit. Other aspects may be of interest to other stakeholder groups, such as customers, employees, and the wider… …   Big dictionary of business and management

  • social audit — /ˌsəυʃ(ə)l ɔ:dɪt/ an analysis of the social consequences of a particular marketing strategy ● The social audit focused on the effects of pollution in the area. ● The social audit showed that the factory could provide jobs for five per cent of the …   Marketing dictionary in english

  • social audit — An *audit of the social impact of an activity or organization. Flint (1988, 175, n.7) describes social auditing as monitoring the way in which an organisation conducts itself in its various relationships with society as employer, manufacturer,… …   Auditor's dictionary

  • Social accounting — (also known as social and environmental accounting, corporate social reporting, corporate social responsibility reporting, non financial reporting, or sustainability accounting) is the process of communicating the social and environmental effects …   Wikipedia

  • Social enterprise — Social enterprises are social mission driven organizations which trade in goods or services for a social purpose. Their aim to accomplish targets that are social and environmental as well as financial is often referred to as having a triple… …   Wikipedia

  • Audit — L audit est une activité de contrôle et de conseil qui consiste en une expertise par un agent compétent et impartial et un jugement sur l organisation, la procédure, ou une opération quelconque de l entité. L audit est surtout un outil d… …   Wikipédia en Français

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