/ Social Auditor

Practice Avenues & Opportunities for Social Auditors

S A.

Practice Avenues for Social Auditors- Opportunities for Social Auditors:

SEBI vide its notification dated 25th July 2022 has made amendments to the Securities and Exchange Board of India  (ICDR) Regulations, 2018, and Securities and Exchange Board of India (LODR) Regulations, 2015 to provide Social Enterprises with additional avenues to raise funds through the SSE, which is a novel concept in India. Furthermore, to strengthen the governance framework in these entities, & provide better confidence to such investors, Securities and Exchange Board of India has introduced the concept of an Annual Impact Report by a Social Auditor. This would open up huge professional opportunities to work as Social Auditors.

The role of Social Auditors is still emerging, and as such, there are numerous opportunities for professionals to explore and establish their practice. The field of social auditing presents a range of opportunities for professionals to contribute to the development and sustainability of social enterprises and non-profits. As the concept of Social Auditors gains traction and more organizations register on the SSE, the demand for skilled social auditors is expected to rise significantly. By exploring these practice avenues, Social Auditors can play a pivotal role in ensuring transparency, accountability, and the effective use of funds within the social sector. Below are some potential practice avenues for Social Auditors:

1. Social Impact Audits

  • Annual Impact Reports: Conducting annual social impact audits for organizations listed on the Social Stock Exchange (SSE) once they complete a financial year. Evaluating and reporting on the effectiveness of social initiatives, programs, and projects implemented by these organizations.
  • Impact Assessment Services: Offering in-depth impact assessments to measure and document the social outcomes and benefits generated by social enterprises and NPOs. Conduct audits for NPOs and social enterprises listed on the SSE after the completion of their financial year.

2. Registration and Compliance Support

  • SSE Registration Assistance: Helping social enterprises and non-profits with the process of registering on the SSE. Ensuring these organizations meet all necessary criteria and compliance requirements for listing on the SSE. Assist firms and organizations in registering and maintaining compliance with the requirements of the SSE.
  • Ongoing Compliance: Providing advisory services to ensure continuous compliance with SSE regulations and standards. Assisting with the preparation and submission of required reports and documentation to regulatory authorities.

3. Consulting and Advisory Services

  • Impact Measurement Frameworks: Developing and implementing frameworks for measuring social impact tailored to the specific needs and goals of various organizations. Advising on best practices and methodologies for social impact measurement.
  • Strategic Planning for Social Enterprises: Offering strategic advice to social enterprises on how to enhance their social impact. Guiding these organizations in aligning their activities and goals with broader social and developmental objectives. Provide advisory services to organizations on improving their social impact initiatives. Help design and implement effective social impact measurement frameworks.

4. Training and Capacity Building

  • Workshops and Seminars: Conducting training sessions and workshops for social enterprises and NPOs to educate them on impact assessment and compliance requirements. Providing capacity-building services to help organizations develop their internal capabilities for conducting social audits and impact assessments.
  • Certification Courses: Partnering with educational institutions and professional bodies to offer certification courses and programs related to social auditing and impact assessment.

5. Research and Publications

  • Social Impact Research: Engaging in research projects to explore and document best practices in social impact assessment. Publishing reports, articles, and case studies to share insights and advancements in the field of social auditing.
  • Policy Advisory: Collaborating with policy makers to develop and refine regulations and standards for social impact assessments. Advising on the creation of policies that support the growth and effectiveness of social enterprises.

Our Services- Social Responsibility via Professional Compliance Audits

  • Our technical expertise and strong background in social responsibility assessments empower us to offer approvals against numerous recognized collaborative programs. we deliver tailored solutions that meet your specific program needs.
  • Extensive Auditor Network: Our auditors, part of the IFCCL Team are strategically located in key production hubs worldwide, ensuring accessibility and local expertise.
  • Professionalism and Credibility: As a leading industry association, IFCCL enhances the professionalism, consistency, and credibility of our auditing team, ensuring the highest quality of social compliance assessments.

Important Links

Content Link
Exam registration https://www.nism.ac.in/nism-series-xxiii-social-auditors-certification-examination/.
NISM Mail certification@nism.ac.in
ICAI ISAI https://isai.ca.in/
ICSI IISA https://www.icsi.edu/home/icsi-institute-social-auditors/
ICMAI SAO https://www.saoicmai.in/
Further Queries singh@carajput.com or 9555 555 480

More about NGO

India Financial Consultancy Corporation Pvt Ltd.(IFCCL) provide Tailor-Made Services for NGOs Sector Delhi / NCR India

We can start an NGO under Section 8 Company Registration Online, We can help you register Section 8 Company in India. We specialize in providing end-to-end solutions for Social Auditors.

Our Services Include:

  • Guidance on selecting the most appropriate structure for your NGO.
  • Help with the registration of societies, trusts, or Section 8 companies.
  • Support in procuring grants, donations, and funds.
  • Assistance with obtaining FCRA registration and maintaining necessary compliances.
  • Expert advice on income tax matters.
  • Assistance with obtaining 80G and 12AA registrations under the Income Tax Act.
  • Outsourcing solutions for managing accounts.
  • Conducting internal audits to ensure financial integrity and compliance.
  • Performing statutory audits as required by law.
  • Social Auditors Services

Our dedicated team is committed to supporting NGOs throughout India, ensuring they achieve their goals effectively and efficiently.

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