An Introduction to the Concept of Social Accounting and Audit: Indian Context
Downloads
This study underscores the evolving needs for corporations to dovetail their functions with mounting socioeconomic perspectives, contemplating sustainability and mormon’s obligation. It enlivens importance of integrating non-financial metrics like social, environmental, and ethical indices into corporate decision-making system for panoramic decisions. Corporations must report to society regarding the ventures it adopts apropos its’ responsibility to the outskirts. Social accounting and social audit are quintessential instruments that uphold businesses to appraise and report their societal security contributions beyond financial performance. The paper explores the conceptual framework of these practices, evaluates their cutting-edge application in India, and identifies barriers and opportunities for meliorations in Indian context. Findings accentuate relevance of social accounting and audit in flowering ethical discourse, catenating non-financial metrics, and nurturing transparency. Essentially, these practices green-light organizations to eloquently corroborate long-term resilience and obey their social obligations.
Bauer, R. A., & Fenn, D. H. (1973). What is a corporate social audit? Harvard Business Review, 51 (1),37-48.
Bebbington, J., & Unerman, J. (2020). Advancing research into accounting and the UN Sustainable Development Goals. Accounting, Auditing & Accountability Journal, 33(7), 1657–1670. https://doi.org/10.1108/AAAJ-05-2020-4556
Budianto, E. W. H., & Dewi, N. D. T. (2023). Pemetaan penelitian rasio Dividend Per Share (DPS) pada perbankan syariah dan konvensional: studi bibliometrik VOSviewer dan literature review. Al-Mal: Jurnal Akuntansi Dan Keuangan Islam, 4(1), 109–126.
https://doi.org/10.24042/al-mal.v4i01.16760
Caroll, Archie B., & Boiler, George W. (1975). Landmarks in the evaluation of the social audit. Academy of Management Journal, 18(3), 589-599. DOI: 10.5465/255687
Chaitanya Nellithaya, Cosmas Lovejoy Dzomba, Sangeetha G Nagarakatte, & Sanmayi N S. (2018). Business and the society: Stewardship Principle of CSR. International Journal of Management, Technology and Engineering, 8(VIII). 1466-1482.
Garcia-Chiang, A.G. (2018). Corporate social responsibility in the Mexican oil industry: Social impact assessment as a tool for local development. International Journal of Corporate Social Responsibility, 3(1). https://doi.org/10.1186/s40991-018-0038-z
Crowther, D. (2000). Social and Environmental Accounting, London: Financial Times/Prentice Hall, 20. url=https://books.google.co.in/books?id=QLYCAAAACAAJ
Eccles, R. G., Krzus, M. P., Rogers, J., & Serafeim, G. (2019). The CEO’s guide to competing through HR. Harvard Business Review, 97(6), 69-77.
Elmousadik, M., & Elkandoussi, F. (2016). Practice of social audit in hotel companies: Case study of Agadir, Morocco. International Scholarly and Scientific Research & Innovation, 10 (4), 1289-1293.
Islam, M.T. (2015). Social Audit for Raising CSR Performance of Banking Corporations in Bangladesh. In M. M. Rahim & S. O. Idowu (Eds.). Social Audit Regulation (pp. 107-130). Springer International Publishing. http://dx.doi.org/10.2139/ssm.4235587
Khan, T., & Ozili, P. K. (2021). “Do Investment Funds Care About the Environment? Evidence from Faith-based Funds”, Ozen, E., Grima, S., & Gonzi, R. D. (Ed.). New challenges for future sustainability and wellbeing (Emerald studies in finance, insurance, and risk management), Emerald Publishing Limited. 341–362. https://doi.org/10.1108/978-1-80043-968-920211018
Mio, C., Balluchi, F., Pietronudo, E., & Siboni, B. (2020). Re-contextualizing the 'water is life' mantra in corporate sustainability reporting: An exploration of rhetorical strategies in action. Accounting, Auditing & Accountability Journal, 33(5), 962-993.
Mobley Sylbil (1970). Challenges of Socio-Economic Accounting, Accounting Review, 45(4), 762-768.
Moon, J., Shen, X., & Koh, L. (2019). A Study on Sustainability Reporting and Stakeholder Engagement in Asia, Accounting and Business Research, 49(5), 615-637.
Qian, W., Tilt, C., & Belal, A. (2021). Social and environmental accounting in developing countries: contextual challenges and insights. Accounting, Auditing & Accountability Journal, 34(5), https://doi.org/10.1108/AAAJ-03-2021-5172
Rahim, M.M., & Vicario, V. (2015). Social Audit: A Mess or Means in CSR Assessment? In: Rahim, M., Idowu, S. (eds). Social audit regulation. CSR, sustainability, ethics & governance. Springer International Publishing. https://doi.org/10.1007/978-3-319-15838-9_1
Ramanathan, K.V.(July,1976). Towards a Theory of Corporate Social Accounting, The Accounting Review, 51(3), 516-528.
Sumarto, M. E. J., Rokhim, A., & Muhibbin, M. (2024). Analisis Konsep CSR Dan Sistem Tanggung Jawab Sosial Dan Lingkungan Pada Perseroan Terbatas Yang Berasaskan Keadilan Dan Kepastian Hukum. PERSPEKTIF, 13(2), 498–506. https://doi/org/10.31289/perspektif.v13i2.11226
Sushmita, G. (2013). Social audits in India. International Research Journal of Social Sciences, 2 (11), 41-45.
http://www.isca.in/IJSS/Archive/v2/i11/9.ISCA-IRJSS-2013-157.pdf
