Governance & Management Webinar PFCCO NCR Jan 23, 2023

1. Social Audit
for coops
Part 4

2. “Art. 53. Reports. (1) Every cooperative shall
draw up regular reports of its program of
activities, including those in pursuance of their
socio-civic undertakings, showing their progress
and achievements at the end of every fiscal
year.”
R.A. 9520
“Art. 80. Annual Audit. – Cooperatives
registered under this Code shall be subject
to an annual financial, performance and
social audit. x x x

3. Rule 8, IRR
“Section 2. Required Regular Reports. required to submit annually, the
Cooperative Annual Progress Report (CAPR) with the following
attachments:
a. Social Audit Report including its program of activities pursuant to
its socio-civic goals of the cooperative;
b. Performance Audit Report, including copies of the semi-annual
Report on mediation and conciliation as received by the Authority
pursuant to EO 97; “
c. Audited Financial Statements; and
d.List of Officers and Trainings Undertaken/Completed

4. Coverage
All registered
cooperatives
regardless of
type or category

5. REVISED GUIDELINES ON
SOCIAL AUDIT OF
COOPERATIVES
CDA - MEMORANDUM
CIRCULAR NO. 2018 - 01
Series of 2018

13. Social Audit
• The process whereby a cooperative
can account for its social performance,
report on and improve that
performance. It assesses the social
impact and ethical performance of the
cooperative in relation to its vision,
mission, goals, and Code of Social
Responsibility

14. It is also process to assess the cooperative’s
contribution for the upliftment of the status not only
to its members’ economic needs but also social
needs and the community where it operates. The
cooperative’s actual performance and
accomplishment are compared its vision, goals, and
social responsibility as it relates to the impact not only
to the community but to its regular members as the
immediate beneficiary of the decisions and actions it
promulgated, passed and implemented.
Cont.

15. Social Audit will serve as
control mechanism to account
for its social performance and
evaluate its impact in the
community taking into account
the community development
fund which shall be used for
projects or activities that will
benefit the community where
the cooperative operates.
Cont.

16. Social Audit validates the support of the
cooperative to the 7th cooperative
principles, i.e. the “Concern for Community”
and determines whether the cooperative
work for the community’s sustainable
development through policies approved by
their members. The audit focuses not only to
the economic side of the cooperative but
also the social aspect of the organization
and appraises
Cont.

17. Cooperative Standard Report Forms | CDA

18. Component of the Social Audit Tool
Social Audit for cooperative shall look into the following
components with their corresponding points:
I. Organization This is a measurement of cooperative's
fulfillment of its vision, mission and goals, feedback
mechanisms, code of good governance and ethical
standards.
I. Membership Measurement on how the cooperative
responded to the need of members, observed
governance practices, considered provision for benefits
of members, and involved members in the affairs of the
cooperative. its collaborative programs

19. Component of the Social Audit Tool
III. Staff/Employees Assessment of the cooperative's fulfilment
of the needs and welfare of the employees in terms of
safety workplace and sanitation, including the provision for
compensation and benefits.
IV. Cooperation among Cooperatives Measurement of the
cooperative's affiliation/s and linkages to
federations/unions and other cooperatives.
V. Community and Nation Determines the involvement of the
cooperative and its contributions to the community and
nation, in general.
VI. Network Alliance and Linkages Assessment on how the
cooperative
relates to other organization and its collaborative programs

20. Objectives
To guide the co-op in the assessment of its
social performance (tool to measure
effectiveness of the co-op’s social
development services);
To require the co-op to use the prescribed tools
and format in the preparation and submission
of social audit report (SAR); and
To provide the manner and period of
submitting SAR to the CDA.

21. Policy Framework
Social
Impact
Assessment
The Social Audit of Cooperatives consists
of two (2) phases, namely
Social
Performance
Assessment

22. SOCIAL PERFORMANCE – refers to the effective
translation of a cooperative’s mission into
practice in line with accepted social values or
simply making a co-op’s social mission a reality.
Policy
Framework
SOCIAL PERFORMANCE ASSESSMENT (SPA) -
refers to the review of the performance of the
cooperative vis-à-vis its social development
plans and budget.

23. The Report shall consist of the
accomplished SOCIAL AUDIT WORKING
DOCUMENT to determine the
cooperative’s social performance and to
serve as a basis for writing a report and
the Pro forma SOCIAL AUDIT REPORT
(Narrative Report) on the
comments/observations, including
recommendations.
It shall be attached to the Cooperative
Annual Progress Report (CAPR).

24. Key Areas
Vision, Mission,
Core Values and
Social Goals

26. Mission:
WITH A DYNAMIC AND DEMOCRATIC
LEADERSHIP, SAINT LOUIS CREDIT COOPERATIVE
PROVIDES RELEVANT, EFFICIENT AND EFFECTIVE
SERVICES TO ACCELERATE THE SOCIO-
ECONOMIC WELL-BEING OF ITS MEMBERS AND
THE COMMUNITY.
Vision:
WE ENVISION SLCC AS A SMART
COOPERATIVE (SUSTAINABLE,
MODERN, AMIABLE, RESILIENT
AND TRUSTWORTHY)
Core Values:
TO ACCELERATE THE
SOCIO-ECONOMIC
WEALTH WELL-BEING
OF ITS MEMBERS AND
THE COMMUNITY AS
A WHOLE
Social Goals:
IN LINE WITH ITS VISION-MISSION, SLCC HAS
THE FOLLOWING GOALS TO ATTAIN: -
EXECELLENT SAVINGS AND LENDING SERVICE -
AGGRESIVE PURSUIT OF INVESTMENT
OPPORTUNITIES - EFFICIENT CONSUMER
SERVICE - RESPONSIVE COMMUNITY SERVICE -
STRONG CAPITAL STRUCTURE
Saint Louis Credit Cooperative

27. Policies and Guidelines
on Social Development
Key Areas

28. Key Areas
Social
Development
Program for the
Co-op and the
Community

29. D. SOCIAL DEVELOPMENT PROGRAM
D.1 Cooperative
D.1.a Members
D.1.b Officers
D.1.c Staff
D.2 Community
E. Community Development Fund (CDF
Accomplished by: SOCIAL AUDITOR/AUDIT
COMMITTEE/INTERNAL AUDITOR

30. Annex B PROFORMA SOCIAL AUDIT REPORT
This Social Audit is in compliance with Rule 11 of the Revised Implementing Rules and
Regulations of RA 9520 and Memorandum Circular No. 2017 - ____ issued by the CDA.
Hereunder are the Auditor’s report on the comments/recommendations in major key areas of
social performance:
Conforme:
_____________________
GENERAL MANAGER
_____________________
CHAIRPERSON