Because ethics audits and social audits are _____, there are few standards that a company can apply with regard to reporting frequency, disclosure requirements, and remedial actions that it should take in response to results.

A) not necessary
B) expensive
C) required by law
D) mandatory
E) voluntary

Social Audits

A process in which an organization accounts for its social performance, impacts, and achievements in a transparent and ethical manner to stakeholders and the wider community.

Voluntary

Actions or practices that are undertaken by choice or without coercion, often indicating goodwill or compliance beyond what is required by law.