social audit

Definition

A measurement of how businesses and companies that use a social accounting system report income and expenses on a financial statement.

Use social audit in a sentence

There was a social audit that we had to be aware of and it might effect all of us that were part of the company.

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The social audit provided useful information into the nature of the relationships between the departments working together in the company

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While they could have used other methods, they decided to perform a social audit on their books instead. They thought this was a better method to get true results.

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