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| PREAMBLE – SOCIAL AUDIT |
Social accounting and audit allows a social enterprise to build on its existing monitoring, documentation and reporting systems to develop a process whereby it can account fully for its social, environmental and economic impacts, report on its performance and draw up an action plan to improve on that performance. Through the social accounting and audit process it can understand its impact on the surrounding community and on its beneficiaries and build accountability by engaging with its key stakeholders. In this way it can prove its value and improve its performance.
Social accounting is not really like external evaluation. Rather, it is for social and community enterprises themselves to identify their values and their social, environmental and economic objectives and take responsibility for reporting fully on them, including consulting with key stakeholders. Social Accounting and Audit provides the process for social enterprises and other organizations to measure how well they are achieving their overall objectives and living up to their values. It accurately describes what a social enterprise is achieving and allows it to demonstrate to others what it is and what it does. It assesses social or community enterprises in a holistic way.
Social accounting and audit are conducted for the following reasons;
- To ‘prove’ its benefits to people, the community and/or the environment and at the same time ‘improve’ its performance as an organization.
- To report accurately and honestly on all the achievements of the organization.
- To allow stakeholders to affect the behavior and influence the policy of the organization.
- To demonstrate to funders what the organization 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 organization more effectively monitor and steer itself to perform better.
- To acquire a sharper understanding of the organization’s core values and objectives.
Statement/Certification from Social Audit Network, UK: The Social Audit Panel had examined the Social Accounts submitted by the DRFHE team and discussed them in detail at the meeting held on 28th October 2009 at the offices of DRFHE, 6-3-864/5, RPAS Chambers, Opp. Green Park Hotel, Ameerpet, Hyderabad-500016, India. The Panel also examined a sample of the data and the sources of information on which the Social Accounts have been based. The Panel is satisfied that, given the scope of the social accounting explained in the revised draft and given the limitations of time available to the panel members, the Social Accounts are free from material misstatement and present a fair and balanced view of the performance and impact of DRFHE as measured against its stated values and objectives and the views of the stakeholders who were consulted.
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Dr. Sandeep K Rane
M.D, D.M (Cardiology),
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