Why do You Need Social Audit and Accounting?
In this world of increased competition for money and support, organisations increasingly have to prove their value. They also want to improve as effective organisations. Social accounting and audit leads to considerable learning and improvement within the organisation towards development.
Social accounting and audit is a framework to help organisations clarify values and objectives, engage with its stakeholders and to capture its social, environmental and economic impacts, in a bid to improve performance and strengthen accountability. In more recent years the practice of social accounting and audit has begun to expand significantly in the community sector.
There is growing interest in social accounting and audit from social economy and voluntary organisations and from Funders that invest in and support them. All are looking for ways of proving their value, improving their effectiveness, and understanding their worth to society.
What will Social Audit and Accounting do to your Orgnisation?
Social Accounting and Audit can revolutionise the way you work and manage your organisation!
Social Accounting and Audit is a process to create a flexible framework which enables your organisation…
…to account fully for its social, environmental and economic impact
…to report on its performance and
…to provide the information essential for planning future action and improving performance.
- Through this process you will understand the impact your organisation has on the surrounding community and on the beneficiaries. At the same time you will be able to build in accountability by engaging with your organisation’s key stakeholders / funders.
- The main benefits to your organisation are you will be able to prove the value of your organisation and improve its performance!
- It empowers you more to prove your credibility before your funders.
It is common practice for organisations to prepare Report of their Audited Social Accounts for two main purposes:
a) to inform stakeholders of the key findings and
b) as a publicity document to inform a wider public of the organisation’s work.
Why do Social Audit for your Organisation?
As a social or community enterprise you might use social accounting and audit for the following reasons;
- To ‘prove’ the benefits to people, the community and/or the environment and at the same time ‘improve’ its performance as an organisation.
- To report accurately and honestly on all the achievements of the organisation.
- To allow stakeholders to affect the behaviour and influence the policy of the organisation.
- To demonstrate to funders what the organisation has achieved other than just having survived as an enterprise.
- To give information alongside the financial accounts which tells the world that the organisation is different from other enterprises.
- To help the organisation more effectively monitor and steer itself to perform better.
- To acquire a sharper understanding of the organisation’s core values and objectives.
- To stimulate a more open and honest, internal and external appraisal.
What will we do to you?
Once we have carried out a Social Audit Exercise for your Organisation, we give you free membership in our TANSAN (Tamil Nadu Social Audit Network of Community Organisation). The membership in TANSAN will facilitate your Organisation more closely towards your local stake holders as well as national and international funders.
The other benefits are:
- holding regular meetings for those people and organisations actively involved in social accounting and audit
- facilitating and implementing appropriate links with internal and external sources of development
- developing a system for continuing organisational development
Fee for Social Audit Exercise for your Organisation is Rs. 3,000
Annual Fee is Rs. 1,000
Small Money! Big Impact on Your Organisation to prove your Value!!
Contact Us Today!!!
ADVANCEMENT SOCIAL RESEARCH ORGANISATION
3/617, Kumarapalayam Main Road
Pallipalayam, Erode
Tamilnadu, South india
Pin: 638 008
Phone: (0) 4288 426449
Mob’l: (0) 92455 76175
Email: milleniumabc@sify.com
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