Social Audit of Cooperatives: Region 02 Experience

This research was conducted to determine the significant differences on the social audit of cooperatives when grouped by province and size in Region 2. The respondents were the one hundred sixty seven cooperatives in Region 02 with social audit reports at the Cooperative Development Authority. The descriptive-qualitative research design was used in the study. The data used in the research were obtained from the consolidated records of the Cooperative Development Authority on Social Audit of Cooperatives. Based on the findings, the study revealed that Fifty one percent of the cooperatives in Region 02 comprise of Multi-purpose Cooperatives and the least is a Dairy cooperative. Forty five percent of the cooperatives are classified as micro while 6 percent are classified as large. As to assets, the highest amount of assets amounted to P269, 135, 079.19 and the lowest assets amounted to P43, 598.00. The highest social rating garnered by the cooperatives is 96.5% and the lowest rating is 8.5%. Regardless of the size of cooperatives whether micro, small, medium and large Cagayan got a fair rating while the rest were all satisfactory with the exception of Nueva Vizcaya when the cooperatives are classified as medium and large which has a rating of very satisfactory. The study revealed that on social audit, there are no significant differences among the cooperatives when grouped according to size and province.