Social Audit
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AN ASSIGNMENT ON
BUSINESS ENVIRONMENT Social Audit SUBMITTED TO Md. Anisur Rahaman Lecturer Department of Management Studies Faculty of Business Administration and Management
SUBMITTED BY Shofiq Uddin Khan Roll No. 023 Reg. No. 00682
And
Md. Nazmul Alam Siddiqui Roll No. 024 Reg. No. 00565
Faculty of Business Administration and Management
SUBMITION DATE: October 14, 2008
PATUAKHALI SCIENCE AND TECHNOLOGY UNIVERSITY
Page
Social
Audit
Table of Contents Social Audit: Chapter-35
Question No.
Page
Questions
Page No.
01
What is social audit? What are its benefits?
1
02
What is organization for social audit?
2
03
Bring out the features and benefits of social audits.
3
Social
Audit
Chapter 35 Social audit 1. What is social audit? What are its benefits?
Answer to the question no.1
Social audit A social audit is a systematic study and the evaluation of an organization’s social performance, as distinguished from its economic performance. It is concerned with the possible influence on the social quality of life instead of the economic quality of life. Social audit leads to a report on the social performance of a business unit.
Benefits of social audit The benefits of social audit are as follows: Social audit enables the company to take close look at itself and understand how far the company has lived up to its social objectives. Related to the first benefit is the fact that social audit encourages greater concern for social performance throughout the organization. Social audit provides data for comparing effectiveness of the different types of programs. Social audit provides cost data on social programs so that management can relate the data to budgets, available resources, company objectives and projected benefits of programs. Social audit provides information for affective response to external claimants that make demands on the organization. News reporters, welfare organizations and variety of others Page
Social
Audit
want to know what a business is doing in areas of their special interest, and a business needs to respond as effectively as possible. The social audit shows a business where it is vulnerable to public pressure and where its strengths lie.
1. What is organization for social audit? Answer to the question no.2
Organization for social audit Social audit can be made by internal auditors, external consultants or a combination of the two. The internal auditor has the advantage of familiarity with the business, but his assessment might be influenced by his loyalty to the company. A consultant has the advantage of an auditors view but lacks familiarity with the company and he is likely to ignore significant data. A combination of the two is ideal for carrying on the audit of social performance. A closely related issue is whether or not to make public full or part of the social performance report. The philosophy of any system suggests that public interest is best served by public reporting; however, the present state of the art with social audits is so imprecise that public disclosure might do more harm than good. Imprecise data and informed judgments are helpful for internal decision making, but they probably are not concrete enough to satisfy the public. Further, there are so many differences of opinion that almost anyone could find reasons for criticizing a firm’s performance, and dissident groups could expand some detail far beyond its importance. The result could be that social conflict would increase and firms would withdraw from social
Page
Social
Audit
programs in order to avoid reporting them, thus defeating the original purposes of social reporting.
2.
Bring out the features and benefits of social audits. Answer to the question no.3
Features of social audits The nature of social audit can be made clearer if the features would be bringing out its salient. The areas for social audit include any activity which has a significant social impact, such as activities affecting environmental quality, consumerism, opportunities for women and other disadvantaged people in society and similar others. The second feature about social audit is that it can determine only what an organization is doing in social areas, not the amount of social good that results from these activities. It is a process audit rather than an audit for results. Thirdly, social performance is difficult to audit because most of the results of social activities occur beyond the company’s gate and the company has no means of securing data on the results. Page
Social
Audit
Even if data are available, it is difficult to establish how many of them have occurred due to company’s actions. Finally, social audits use both qualitative and quantitative data. The pressures to use quantitative approach are strong because of its respectability and apparent objectivity. Quantitative data are precise and convincing, but in the area of social philosophy and human values, it is misleading to report only in quantitative terms. They can communicate only a part of the total situation, a part of the whole truth. Both quantitative and qualitative data are essential. Normally, a firm uses as much quantitative data as possible, and then supplements it with qualitative data.
Benefits of social audit The benefits of social audit are as follows: Social audit enables the company to take close look at itself and understand how far the company has lived up to its social objectives. Related to the first benefit is the fact that social audit encourages greater concern for social performance throughout the organization. Social audit provides data for comparing effectiveness of the different types of programs. Social audit provides cost data on social programs so that management can relate the data to budgets, available resources, company objectives and projected benefits of programs. Social audit provides information for affective response to external claimants that make demands on the organization. News reporters, welfare organizations and variety of others want to know what a business is doing in areas of their Page
Social
Audit
special interest, and a business needs to respond as effectively as possible. The social audit shows a business where it is vulnerable to public pressure and where its strengths lie.
Page
Social
Audit
BUSINESS ENVIRONMENT Social Audit SUBMITTED TO Md. Anisur Rahaman Lecturer Department of Management Studies Faculty of Business Administration and Management
SUBMITTED BY Shofiq Uddin Khan Roll No. 023 Reg. No. 00682
And
Md. Nazmul Alam Siddiqui Roll No. 024 Reg. No. 00565
Faculty of Business Administration and Management
SUBMITION DATE: October 14, 2008
PATUAKHALI SCIENCE AND TECHNOLOGY UNIVERSITY
Page
Social
Audit
Table of Contents Social Audit: Chapter-35
Question No.
Page
Questions
Page No.
01
What is social audit? What are its benefits?
1
02
What is organization for social audit?
2
03
Bring out the features and benefits of social audits.
3
Social
Audit
Chapter 35 Social audit 1. What is social audit? What are its benefits?
Answer to the question no.1
Social audit A social audit is a systematic study and the evaluation of an organization’s social performance, as distinguished from its economic performance. It is concerned with the possible influence on the social quality of life instead of the economic quality of life. Social audit leads to a report on the social performance of a business unit.
Benefits of social audit The benefits of social audit are as follows: Social audit enables the company to take close look at itself and understand how far the company has lived up to its social objectives. Related to the first benefit is the fact that social audit encourages greater concern for social performance throughout the organization. Social audit provides data for comparing effectiveness of the different types of programs. Social audit provides cost data on social programs so that management can relate the data to budgets, available resources, company objectives and projected benefits of programs. Social audit provides information for affective response to external claimants that make demands on the organization. News reporters, welfare organizations and variety of others Page
Social
Audit
want to know what a business is doing in areas of their special interest, and a business needs to respond as effectively as possible. The social audit shows a business where it is vulnerable to public pressure and where its strengths lie.
1. What is organization for social audit? Answer to the question no.2
Organization for social audit Social audit can be made by internal auditors, external consultants or a combination of the two. The internal auditor has the advantage of familiarity with the business, but his assessment might be influenced by his loyalty to the company. A consultant has the advantage of an auditors view but lacks familiarity with the company and he is likely to ignore significant data. A combination of the two is ideal for carrying on the audit of social performance. A closely related issue is whether or not to make public full or part of the social performance report. The philosophy of any system suggests that public interest is best served by public reporting; however, the present state of the art with social audits is so imprecise that public disclosure might do more harm than good. Imprecise data and informed judgments are helpful for internal decision making, but they probably are not concrete enough to satisfy the public. Further, there are so many differences of opinion that almost anyone could find reasons for criticizing a firm’s performance, and dissident groups could expand some detail far beyond its importance. The result could be that social conflict would increase and firms would withdraw from social
Page
Social
Audit
programs in order to avoid reporting them, thus defeating the original purposes of social reporting.
2.
Bring out the features and benefits of social audits. Answer to the question no.3
Features of social audits The nature of social audit can be made clearer if the features would be bringing out its salient. The areas for social audit include any activity which has a significant social impact, such as activities affecting environmental quality, consumerism, opportunities for women and other disadvantaged people in society and similar others. The second feature about social audit is that it can determine only what an organization is doing in social areas, not the amount of social good that results from these activities. It is a process audit rather than an audit for results. Thirdly, social performance is difficult to audit because most of the results of social activities occur beyond the company’s gate and the company has no means of securing data on the results. Page
Social
Audit
Even if data are available, it is difficult to establish how many of them have occurred due to company’s actions. Finally, social audits use both qualitative and quantitative data. The pressures to use quantitative approach are strong because of its respectability and apparent objectivity. Quantitative data are precise and convincing, but in the area of social philosophy and human values, it is misleading to report only in quantitative terms. They can communicate only a part of the total situation, a part of the whole truth. Both quantitative and qualitative data are essential. Normally, a firm uses as much quantitative data as possible, and then supplements it with qualitative data.
Benefits of social audit The benefits of social audit are as follows: Social audit enables the company to take close look at itself and understand how far the company has lived up to its social objectives. Related to the first benefit is the fact that social audit encourages greater concern for social performance throughout the organization. Social audit provides data for comparing effectiveness of the different types of programs. Social audit provides cost data on social programs so that management can relate the data to budgets, available resources, company objectives and projected benefits of programs. Social audit provides information for affective response to external claimants that make demands on the organization. News reporters, welfare organizations and variety of others want to know what a business is doing in areas of their Page
Social
Audit
special interest, and a business needs to respond as effectively as possible. The social audit shows a business where it is vulnerable to public pressure and where its strengths lie.
Page
Social
Audit
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