The audit is an independent and certified examination of all the activities presented in the report which affect people and the environment. It ensures the quality of the Common Good Balance Sheet. The audit certificate is a seal of approval: it assures the credibility of the report to stakeholders.
Feedback conversations stimulate critical reflections on the ECG values and how they relate to company activities. This heightens consciousness around doing business differently and starts a process of further development.
There are two ways of completing your Common Good Balance Sheet:
- If a company works together with other companies in a peer group to produce its report, this is regarded as a peer evaluation.
- In all other cases, the report is evaluated by an external audit.
In both cases, external audit as well as peer evaluation, the final results are clearly displayed in a certificate.
The external audit is the last stage before publishing your Common Good Report. The audit includes independent evaluation as well as feedback, flagging up areas for future development.