Social Auditing To Help Countries Reduce Poverty!

The emergence of social audit in the public distribution system is trending today. It has brought in transparency and accountability in the system. Social audit helps to ensure that basic amenities reach the rural and poor people through vigilant administration of the officials. In 2018, the social audit conducted in the villages of Meghalaya State in India helped people to get the allotted ration under their below poverty line card and at a much lower cost.

THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL ENVIRONMENTAL & SOCIAL AUDIT SERVICES MARKET AT $13 BILLION IN 2017

North America was the largest geographic region in the environmental and social audit services market in 2017, accounting for more than one-third of the global market.

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The chart below shows the year-on-year growth of the global environmental and social audit services market during 2017 – 2021

According to The Business Research Company’s Consultant, Nitin Gianchandani,social analysis is a broad area that spans from business intelligence self-service to tax dashboards, benchmarking, tax planning and provisioning, prescriptive analytics and advanced decision support in the form of artificial intelligence and machine learning systems. Data is a huge and growing asset that most businesses are challenged now to transform into a powerful strategic tool. So, companies can automate the tax classification work that currently takes the team thousands of hours to complete.

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PwC was the largest player in the environmental &social audit services market, with revenues of $3.5 billion in 2017. PwC’s growth strategy aims to strengthen its advisory division by expanding its services to small and medium, social enterprises.

The environmental & social audit services market includes environmental & social audits which involve the assessment of environmental and social footprints that an organization leaves because of its economic activities.

Environmental & Social Audit Services Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.

The global environmental & social audit services market was valued at $11.8 billion in 2017. North America was the largest geographic region accounting for $4.3 billion or 36.7% of the global market. The USA was the largest country accounting for $3.5 billion or 29.4% of the global environmental & social audit services market.

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The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.