Corporate Social Responsibility and Ethical Investing Quiz
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Questions and Answers

What is the origin of the word 'Audit'?

  • It originated from the Spanish word 'audición' which means 'to evaluate'
  • It originated from the Latin word 'audire' which means 'to hear' (correct)
  • It originated from the French word 'audition' which means 'to examine'
  • It originated from the Greek word 'audeo' which means 'to listen'
  • What is the main difference between government/institutional audit and social audit?

  • Government or institutional audit is conducted without any external oversight, while social audit is conducted with the assistance of movements and NGOs
  • Government or institutional audit is conducted without the significant involvement of beneficiaries, while social audit involves the people affected by the activity being audited (correct)
  • Government or institutional audit is conducted solely by external, professional auditing institutions, while social audit is conducted internally by the organization
  • Government or institutional audit is focused on financial performance, while social audit is focused on environmental impact
  • Who conducts the People’s/Public audit?

  • The people themselves, including those who are directly affected or are the intended beneficiaries, sometimes with the assistance of movements and NGOs (correct)
  • External auditors hired by the government
  • Independent international organizations
  • Private companies involved in the activity being audited
  • When is social audit conducted in addition for certain types of schemes and activities?

    <p>Especially those involving huge and/or disaggregated expenditure</p> Signup and view all the answers

    What is the purpose of Social Auditing?

    <p>A way of measuring and reporting on an organization’s social and ethical performance</p> Signup and view all the answers

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