What is the purpose of a social audit?
A) To conduct a systematic analysis of how a firm has used funds that are earmarked for social programs
B) To determine the impact of a company's social involvement on the local community
C) To determine the specific area of need for a firm's social responsibility actions
D) To determine the anticipated costs and benefits of dealing with a social concern
E) To audit the social functions the firm puts on for employees

Question

Quizplus · Accepted Answer

The purpose of a social audit is to conduct a systematic analysis of how a firm has used funds that are earmarked for social programs, including evaluating the effectiveness and impact of those programs. This helps ensure that the company is meeting its social responsibility commitments and using its resources in the most effective way possible.

What Is the Purpose of a Social Audit