
A GLOSSARY OF TERMS
There is currently 1 term in this directory beginning with the letter S.
Social Auditing
Social auditing is a process for evaluating, reporting on, and improving an organization’s performance and behavior, and for measuring its effects on society. Social auditing can be used to produce a measure of the social responsibility of an organization. It takes into account any internal code of conduct as well as the views of all stakeholders and draws on best practice factors of total quality management and human resource development. Like internal auditing, social auditing requires an organization to identify what it is seeking to achieve, who the stakeholders are, and how it wants to measure performance. Social auditing provides an assessment of the impact of an organization’s nonfinancial objectives through systematically and regularly monitoring its performance and the views of its stakeholders. In accounting terms, social auditing is defined as a review of the public-interest, nonprofit, and social activities of a business. These audits usually are performed primarily for internal benefit and typically are not released to the public. The social audit may be performed routinely by internal or external consulting groups, as part of regular internal audits. These evaluations consider the social and environmental impacts of business activities.
Most companies have socially oriented programs of one kind or another and every company obviously has an impact on the society in which it lives. Public concern about the ways companies fulfill their social responsibilities has created pressure for “social auditing” in the corporate domain, and executives themselves have been attracted to the notion of a social audit as a possible method for satisfying both themselves and the public that their companies are doing what they ought to be doing in the social area.
Zu, L. (2013). Social Auditing. In S.O. Idowu, N. Capaldi, L. Zu & A. D. Gupta (Eds.), Encyclopedia of Corporate Social Responsibility. Berlin, Heidelberg: Springer. https://doi.org/10.1007/978-3-642-28036-8_250
https://link.springer.com/referenceworkentry/10.1007%2F978-3-642-28036-8_250
Most companies have socially oriented programs of one kind or another and every company obviously has an impact on the society in which it lives. Public concern about the ways companies fulfill their social responsibilities has created pressure for “social auditing” in the corporate domain, and executives themselves have been attracted to the notion of a social audit as a possible method for satisfying both themselves and the public that their companies are doing what they ought to be doing in the social area.
Zu, L. (2013). Social Auditing. In S.O. Idowu, N. Capaldi, L. Zu & A. D. Gupta (Eds.), Encyclopedia of Corporate Social Responsibility. Berlin, Heidelberg: Springer. https://doi.org/10.1007/978-3-642-28036-8_250
https://link.springer.com/referenceworkentry/10.1007%2F978-3-642-28036-8_250