Which type of audit addresses a business's efforts in corporate social responsibility?

A social audit is specifically designed to evaluate a company's corporate social responsibility (CSR) initiatives and practices. It assesses the social, ethical, and environmental impacts of the business activities, focusing on how well the organization is fulfilling its commitments to various stakeholders, including employees, customers, communities, and the environment.

The social audit process typically involves gathering data on a company’s policies and practices related to social accountability, community engagement, workforce conditions, and sustainability initiatives. This type of audit provides insights into the effectiveness and transparency of a company's CSR efforts, which can influence stakeholder perceptions and long-term business success.

In contrast, other types of audits focus on different aspects of a business. For example, a financial audit examines the accuracy of financial statements and compliance with accounting standards. A risk assessment evaluates potential risks that could affect the organization's operations or finances. An operational audit reviews the efficiency and effectiveness of business processes. While these audits are important, they do not specifically address the social responsibility and ethical impacts that are central to a social audit. Therefore, when looking at the efforts of a business in corporate social responsibility, a social audit is the most appropriate choice.