CS Professional · CSR and Social Governance · Social Governance
Gram Vikas Samiti, a village society, holds a public meeting where its officers present details of funds received and spent on a village road project and villagers question them and verify the records. This process is best described as:
It is a social audit. In a social audit, the beneficiaries and community review records and performance in a public forum and question those responsible, making the organisation directly accountable to the people it serves, unlike professional statutory, cost or internal audits.
- ASocial auditCorrect
- BStatutory audit by a chartered accountant
- CCost audit
- DInternal audit by the finance head
Explanation
A social audit involves the stakeholders themselves verifying the use of resources and performance through public disclosure and a participatory meeting. The other audits are conducted by professionals or management and lack public community verification.
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