New Delhi: The Institute of Chartered Accountants of India (ICAI) has organized a seminar to discuss innovative ideas in the field of Social Audit. As per sources, many new ideas were discussed by the Chartered Accountant fraternity. Moreover, sources added that a presentation on Genesis and Evolution of Social Audit and a brief on Process and Methodology of Social Audit were presented during the seminar.
Further, sources told that Amarjit Chopra, President, ICAI, has inaugurated the seminar. While inaugurating, he said that Social Audit is need of the hour and government is looking up to Chartered Accountants to play a vital role in this area. In periods to come, social audit would act as a whistle blower, a role that would be played by the chartered accountants, he added.
In addition, sources informed that a sitting on Corporate Social Responsibility and Social Audit was taken by experts in this area. The experts came up with an idea that corporates should prepare social accounts and use excerpts in the corporate social accountability report. Experts gave this idea while stressing on triple bottom line reporting, sources added.
