Features of SAA
The following are its key features.
Although SAA offers a flexible process which can be tailored to theneeds of the organisation, there are a number of guiding principles which lie atthe heart of the methodology and so should be followed
|Multi-perspective||Social accounting should engage with and reflect the opinions of a wide variety of people (key stakeholders) affected by (and able to affect) the organisation|
|Comprehensive||Social accounting should cover all the activities of the social enterprise or organisation.It should also bring together all forms of impact that the organization has- economic, environmental and social.|
|Comparative||The organisation should be able to compare its performance over time and also against similar organisations/other benchmarks|
|Regular||It should be undertaken regularly rather than be a one-off exercise and become embedded in the running of the social enterprise or organisation|
|Verified||The Social Accounts should be checked (audited) by an independent social audit panel, chaired by an approved Social Auditor|
|Disclosed||The findings of the audited Social Accounts should be widely circulated and discussed|
Why should you do it?
- Underlining commitment to your mission
- Understanding the impact of your work
- Reducing strategy-operations gap
- Reaching out to stakeholders
- Improving transparency
- Improving public relations