How to Become a Social Auditor?

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How to Become a Social Auditor?

To become a Social Auditor in India, individuals must adhere to specific eligibility criteria, gain necessary experience, and complete certification requirements. Here’s a comprehensive guide on the steps to becoming a Social Auditor.

Eligibility Criteria for Social Auditors:

Individuals:
Required qualifications and experience.
Successful completion of the NISM certification program.
Registration with a recognized SRO.
Firms/Institutions:
Employ or partner with individuals who meet the criteria for Social Auditors.
Maintain a minimum track record of three years in conducting social impact assessments.
For Firms/Institutions: Firms or institutions seeking to qualify for social auditing must Employ or partner with individuals who meet the criteria for Social Auditors. Firms or institutions must have a minimum track record of three years in conducting social impact assessments.

Step-by-Step Process to Become a Social Auditor:

To practice as a Social Auditor, individuals must follow these steps and meet specific eligibility criteria:

Step -1 : Complete details requirement of Educational Qualifications and Experience

Post-Graduate Requirement:
Degree: Postgraduate from UGC-recognized university.
Experience: Minimum 3 years in the development sector.
Graduate Requirement:
Degree: Graduate from UGC-recognized university.
Experience: Minimum 6 years in the development sector.
Professional Qualification: Candidate must have passed Chartered Accountant, Company Secretary, or Cost and Management Accountant. and have Valid Certificate of Practice from the any of above institute.

Note :

Recent development indeed marks a significant milestone for Company Secretaries & CMA the broader field of social auditing. SEBI’s circular dated May 27, 2024, recognizing the Institute of Company Secretaries of India & the Institute of Cost Accountants of India as Self-Regulatory Organizations opens up new professional avenues for CS professionals, particularly those inclined towards social impact assessment.

This move by SEBI is a forward-thinking step that not only elevates the role of Company Secretaries & CMA in the social sector but also strengthens the ecosystem of social enterprises by ensuring they are assessed by qualified professionals. It reflects a growing recognition of the importance of social impact and the need for robust mechanisms to measure and report on this impact effectively.

Step -2 : Obtain examination of Certification from NISM related to social auditor.
Candidate initially Enroll in the relevant course of NISM i.e. Certification from National Institute of Securities Markets related to social auditor. After the completion of examination of Certification from NISM related to social

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