Assurance is more than just a rubber-stamping exercise. It is also a learning process designed to help you improve the way you measure impact.
During the process your analysis will be independently checked by our qualified assessors. They will test whether a report shows good understanding of the Seven Principles of Social Value and process. For an SROI report this means that principle #3 “value what matters” requires the use of financial proxies. However, any social value/impact report can be tested against the Seven Principles of Social Value.
The majority of reports are of a standard that mean they have to go through a post assessment amendment stage. This amendment stage is subject to an extra fee of £300, on top of the initial assurance/accreditation fee, in order to cover additional costs of re-checking the amended report and administration. For reports that require amendments to meet assurance requirements, the author may be given the opportunity to make the required changes if these are thought to be possible within the timescale available.
All applicants are entitled to an informal feedback session with their assessor, this is included in the initial assurance fee.
