business ethics, role of accountants in policiing and assessment process of social accounting, ethical issues faced by organisations and accountants, development of social accounting issues within organisations
Identify the key issues on which the organisation should act
• Review the Objectives and Activities, and the Values
• Set targets for the future
• Review the social accounting process and make necessary adjustments
• Plan dialogue and discussion with stakeholders
• Review the social accounting process and make necessary adjustments
• Plan how to publish (a summary of) the audited Social Accounts to all stakeholders
Stage Five: The Social Audit
• Appoint the members of the Social Audit Panel
• Present the social accounts to the Social Audit Panel
• The Panel arranges to verify a sample of the data used;
• Assesses the interpretations given in the accounts; and
• Comments on the quality of the social accounting and reporting
• The Social Accounts are revised in accordance with the Panel's recommendations, and
• The Social Audit Statement is issued.
• Publish (a summary of) the audited accounts to all stakeholders
• Continue with the next cycle of social accounting