Multiple choice

An independent assessment of the impact of firm's activities on society is called a

  1. Financial audit

  2. Balance sheet

  3. Profit and loss account

  4. Social audit
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Social auditing is a process that enables an organisation to assess and demonstrate its social, economic, and environmental benefits and limitations. It is a way of measuring the extent to which an organisation lives up to the shared values and objectives it has committed itself to. Social auditing provides an assessment of the impact of an organisation's non-financial objectives through systematic and regular monitoring of its performance and the views of its stakeholders.

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