Aims and objectives of social accountability
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1 - FUNDAMENTAL DOCUMENTS
The main objective of this standard is to facilitate a socially accountable basis for the constitution, registration and functioning of NGOs. It should help in assessing the legal consistency and accountability aspects embedded in various documents.
2 - TRUSTEES AND BOARD MEMBERS
This standard aims to provide clarity about the induction, role and functions of trustees/board members and in assessing as well as enhancing the quality and accountability if trusteeship and governance.
3- MEETINGS AND RESOLUTIONS
It provides clarity on the required procedures pertaining to board and general meetings as well as helps in establishing desirable practices regarding various meetings.
4- ACCOUNTING POLICIES The main objective of this standard is to provide clarity on applicability and appropriateness of accounting policies. The available international accounting standards and other country specific accounting standards are not designed specifically for NGOs. Therefore, there is a necessity to initiate a process for designing a guiding tool for adopting accounting policies for NGOs.
5 - SOCIAL ACCOUNTABILITY REPORTS This standard provides guidance on reporting practices which provides an insight into the level of transparency and effectiveness of the governance to various stakeholders.
6- STAFF POLICIES It provides guidance on equitable human resource management and compliance with legal regulations.
7 - APPOINTMENT & INDEPENDENCE OF AUDITORS AND EVALUATORS
It provides guidance on the policy and procedure of appointment and use of services of auditors and external evaluators.
8 - SOCIAL AUDIT It provides guidance on the concept and possible procedures for initiating social audit in NGOs.
9 - OWN MEANS OF CONTRIBUTION & NON-MONETIZED ASSETS
The main objective of this standard is to bring about clarity on the systems and procedures which ensure that he non-cash contribution and other voluntary efforts are assessed and reflected in proper perspective.
10 - RATIO ANALYSIS This standard focuses on the use of ratio analysis in assessing the social accountability of an NGO.
HOPE IT HELPS YOU
PLEASE MARK BRAINLIEST ANSWER
The main objective of this standard is to facilitate a socially accountable basis for the constitution, registration and functioning of NGOs. It should help in assessing the legal consistency and accountability aspects embedded in various documents.
2 - TRUSTEES AND BOARD MEMBERS
This standard aims to provide clarity about the induction, role and functions of trustees/board members and in assessing as well as enhancing the quality and accountability if trusteeship and governance.
3- MEETINGS AND RESOLUTIONS
It provides clarity on the required procedures pertaining to board and general meetings as well as helps in establishing desirable practices regarding various meetings.
4- ACCOUNTING POLICIES The main objective of this standard is to provide clarity on applicability and appropriateness of accounting policies. The available international accounting standards and other country specific accounting standards are not designed specifically for NGOs. Therefore, there is a necessity to initiate a process for designing a guiding tool for adopting accounting policies for NGOs.
5 - SOCIAL ACCOUNTABILITY REPORTS This standard provides guidance on reporting practices which provides an insight into the level of transparency and effectiveness of the governance to various stakeholders.
6- STAFF POLICIES It provides guidance on equitable human resource management and compliance with legal regulations.
7 - APPOINTMENT & INDEPENDENCE OF AUDITORS AND EVALUATORS
It provides guidance on the policy and procedure of appointment and use of services of auditors and external evaluators.
8 - SOCIAL AUDIT It provides guidance on the concept and possible procedures for initiating social audit in NGOs.
9 - OWN MEANS OF CONTRIBUTION & NON-MONETIZED ASSETS
The main objective of this standard is to bring about clarity on the systems and procedures which ensure that he non-cash contribution and other voluntary efforts are assessed and reflected in proper perspective.
10 - RATIO ANALYSIS This standard focuses on the use of ratio analysis in assessing the social accountability of an NGO.
HOPE IT HELPS YOU
PLEASE MARK BRAINLIEST ANSWER
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