What is Social Accounting and Social Auditing?
Social Accounting and Auditing is a way of measuring and reporting on an organization’s social, and ethical performance. An organization which takes on an audit is transparent and makes itself accountable to its stakeholders. Role of the Social Auditor There is often some degree of misunderstanding around the role of the social auditor. The role of the social auditor in an assurance engagement is similar to that of a financial auditor – to perform sufficient work to express an opinion on the reliability of the information contained in the report. The social auditor does not evaluate the performance of an organization’s corporate social responsibility or sustainability activities, just as a financial auditor does not pass judgment on the adequacy of a company’s level of earnings. The external social auditor task is to verify data and gather evidence for all significant assertions in the report. Depending on the pre-defined scope, the social auditor may also assess the report’s conforman
