Audit Tools

Institutions use social audit tools to evaluate their intentions, systems, and actions, in order to determine how well they are achieving their social objectives and to identify areas of particular strength or weakness.  The results of social audits are used internally by management to inform efforts to improve social performance. 

Below is a list of some of the leading social audit tools:

The CERISE SPI4 is a social audit tool that is now completely aligned with the Universal Standards!  After four months of consultation with a dozen experts, CERISE has revised its SPI assessment tool (SPI4) to be fully aligned with the Universal Standards and streamlined for use by MFIs and assessors.  Other revisions to the tool include a new structure, such that the SPI will now present results of the assessment across six different dimensions - the same six dimensions used in the Universal Standards.  The SPI4 will include all the indicators created to evaluate the Universal Standards.  SPI4 also includes four optional modules: poverty, gender, rural outreach, and the environment. The indicators for these modules come from the latest and best thinking from industry leaders such as Truelift, WWB, FOROLAC, and MFTransparency among others.  Close collaboration among industry initiatives allowed the creation of this tool that will now be THE tool for assessing adherence to the Universal Standards and which will simultaneously provide results for MFIs on their progress toward the Smart Campaign’s certification standards, the Truelift poverty principles, the Gender Performance indicators, and more.