SOCIAL AUDIT- A NEW HORIZON

The concept of social audit is of a recent phenomenon. The social audit shows and measures company's concern about people and about life in our planet. It is a business statement published every year to present a set of information about the social projects, benefits and actions addressed to employees, investor's market analysts, share holders and the community at large. The paper is an earnest effort is made to give a bird's eye view of the concept of social audit, nature of social audit, salient features, historical perspective, scope, standard, reasons to conduct social audit, steps in conducting social audit and various issues faced by social audit.