Social audit may be considered as systematic assessment of the social impact of the activities of a business firm. It is a critical examination of the activities of a company in order to measure, evaluate and report their impact on the immediate social environment. Social audit is a comprehensive evaluation of the way a company discharges its responsibilities to different stakeholders. It is an approach for measuring, monitoring and appraising the social performance of a business enterprise. It refers to the assessment or evaluation of a company's performance in the areas of social responsibility. Social audit is a commitment to systematic assessment of and reporting on some meaningful, definable domain of a company's activities that have social impact. Social audit encompasses all activities of a firm which have a social impact. Both quantitative and qualitative data are used in social audit. It determines what an enterprise is doing in social areas. Social audit can be conducted either by internal auditors or outside consultants or both. The person responsible for conducting social audit must be oriented towards the social point of view, conversant with business practices and problems, and technically trained in such fields as law, economics, sociology, philosophy, theology, etc.