Social Audit is A Concept Originated by American Economic Society the connotation of SA is To Measure or Guage the contribution of any Company in Social Development. How much contribution is Made By any Given Company in Making Social Strides in the field of Education, infrastructure, Economy, Industrial development, Scientology, Enrichment of the society and most of all improving of the quality of life quality of the man and general quality of the society this is known as Social Audit According to Dr. Francis.
Following are the key factors in Social Audit.
Corporate activities with a positive impact on society.
Potential social impact by firms.
Social Cost-Benefits Evaluation.
The social performance of the Firms.
Credit, Debit side or Input Output Side.
A social balance Sheets.
Feedback of SA can Modify And Rectify Firms' performance.
Increased consumers' visibility of the Firms.
Social process Audit.
Fiscal statement Audit.
Micro-Macro Social Indicator Audit.
Comprehensive audit.
Corporate rating audit.
Obstacles Galore.
TISCO committee's recommendation (1980)
Synonym of CSR.
India has been Wishy-Washy and dilly-dally.
Responsibilities to consumers and investors.
Responsibility to employees, society, and community at large.
Social cost and benefit of staff.
Social cost and benefit to the community and general public.
Social cost benefit to the nation.
Benefits in the field of Medical, Hospitals, Education, Housing, Infra, tax payment, Water supply and Provident Funds.
The cost in the sector of social degradation, deforestation, global warming, High-cost Of Living, Urbanisation, deterioration of health and Quality of living, the cost of natural resources, greenhouse gases Production Etc...
