- 1 Marks
Question
Social audit has to do with the extent to which a company gets involved and interacts with the society in which it operates. This means that social audit does not extend to ONE of the following:
A. Corporate code of conduct and business ethics
B. Pricing policy, product safety, and quality control
C. Transaction audit
D. Employee health and safety
E. Environmental pollution
Answer
C. Transaction audit
Explanation:
A social audit evaluates a company’s impact on society, covering areas such as corporate ethics, product safety, employee welfare, and environmental practices. Transaction audit focuses on the accuracy and validity of specific transactions, which is outside the scope of social audits. Social audits do not delve into the specifics of financial or transaction-based audits, as they are primarily concerned with broader social responsibility and ethical considerations.
- Tags: Business Ethics, Corporate Responsibility, Environmental audit, Social Audit
- Level: Level 3
- Topic: Environmental and Sustainability Audits
- Series: NOV 2012
- Uploader: Dotse