A social audit is a
A) review of the costs of operating a social program.
B) report of what a business has done and is doing about social issues.
C) review of a tax statement by the Internal Revenue Service.
D) review of management's social activity for the year.
E) report filed by social sector accountants.

Question

Quizplus · Accepted Answer

A social audit is a report of what a business has done and is doing about social issues, including its social and environmental impact, its relationships with stakeholders, and its compliance with ethical and legal standards. It goes beyond a financial audit to evaluate a company's performance in terms of social responsibility and sustainability. Options A, C, D and E are incorrect as they do not accurately describe a social audit.

A Social Audit Is a