Social Audit Essay

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SOCIAL AUDIT Every organization obtains critical inputs from the environment and converts them into products and services to be used by society at large. As such, it is not a money spinning machine alone; it has to take care of societal interests in all its operation. It is not therefore supposed to pollute the environment, discriminate in employment, make money through illegal means, resort to deceitful advertising offer products of dubious quality etc. Whenever an organization tries to exploit customers through immoral ways, society at large comes out with certain checks and balances. The customers may protest violently seek justice through courts and press the government to put an end to such unlawful operations. The current view is that nature can’t take care of itself; if some organization is abusing (air, water pollution, releasing poisonous wastes into the environment) scarce natural resources, it must be shown the door. If social abuses are not nipped in the bud, they may spell disaster for the entire nation. Business is an integral part of society. It enjoys the benefits and privileges of the state and society in which it operates. Therefore it must behave in a socially responsible way so as to survive and flourish in a highly competitive terrain. Such social responsibilities are generally categorized into four groups. These four categories are not mutually exclusive nor charge they intended to portray a continuum with economic concerns or one social concern or the other. The term social audit means different things to different people. To some it means revealing a company’s social performance in broad day light, to others it is an internal assessment of how well a company has discharged it social obligations and to some others it is a systematic and comprehensive evaluation of an organization’s social performance as distinguished from its economic

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