Chapter 10: Auditing and reporting social performance

Ethics auditing is similar to social auditing in that it employs the same procedures and processes to create a system of integrity that includes objective reporting.
1. True
2. False
The process of assessing and reporting a business’s performance in fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders is called a social audit.
1. True
2. False
Employee turnover is a useful indicator for assessing employee issues.
1. True
2. False
Which of the following is a problem presented by ethics audits?
1. They may be used to reallocate resources.
2. They identify practises that need improvement.
3. Selecting auditors may be difficult.
4. They may pinpoint problems with stakeholder relationships.
The first step in the auditing process should be to secure the commitment of:
1. employees.
2. top executives and directors.
3. stockholders.
4. customers.