How to conduct a stakeholder audit

Every companies have different methods in conducting their stakeholder audit. But in general, the steps could be divided into:

- First you need to secure a commitment from the managers and the board. This will make the stakeholders aware that an audit is coming and they have to prepare themselves.

- Next, you need to establish audit committee. This is a group filled with members of the organization which are tasked to collect financial information that are necessary to the auditing process.

- Clearly define the scope of the audit. Clearly distinguish the part of operation that wanted to be investigated along with the stakeholders who took part in that operation.

- Collect all relevant information.

- Cross checked that collected information with companies' value, procedure, and established regulations. If you can found that any of the stakeholders violate these, you need to put them on further/depeer investigation

- Verify the results by consulting with a third party. If you wanted to eliminate the bias from the result.

- Report the finding.