The social accounting and audit framework involves three steps for a SSEO. The
first step is about an organisation clarifying its mission, objectives and related activities, and the
values and principles that under-pin all its actions, as well as identifying its key stakeholders.
The second step involves recognising the quantitative and qualitative indicators that enable the
enterprise to report effectively on its performance and impact against its stated mission,
objectives and values through data collection and consulting appropriately with its key
stakeholders. The third step is about bringing all the collected information together into social
accounts that are then verified by an independent panel that, once satisfied, issues a social audit
statement.
