(a): Eight Steps to Highlight Environmental Issues in the Audit Process

1. Understand the Business Environment:
   • Assess the client’s operational activities in the Delta Region and their impact on the environment.
2. Identify Relevant Environmental Legislation:
   • Evaluate compliance with environmental laws and regulations.
3. Assess the Environmental Risks:
   • Analyze specific risks, such as pollution, degradation, and liability for cleanup costs.
4. Review Management’s Environmental Policies:
   • Understand the client’s environmental policy and governance framework.
5. Inspect Environmental Impact Assessments (EIAs):
   • Examine EIAs or related studies performed for upstream activities.
6. Evaluate Provisions for Environmental Liabilities:
   • Review financial statement disclosures related to environmental obligations and contingent liabilities.
7. Examine Stakeholder Complaints and Litigation:
   • Identify any disputes, lawsuits, or public complaints linked to environmental degradation.
8. Review Disclosures in Financial Reports:
   • Ensure compliance with reporting requirements for environmental risks and liabilities.

(b): Seven Major Social Issues in a Company’s Social Policy Report

1. Health and Safety Standards:
   • Policies to safeguard employee and community health.
2. Employee Welfare:
   • Measures taken for fair treatment, diversity, and well-being of employees.
3. Community Engagement:
   • Efforts to address community needs and mitigate operational impacts.
4. Environmental Sustainability:
   • Commitment to reducing environmental degradation and improving sustainability.
5. Human Rights Compliance:
   • Policies to avoid human rights violations in operations.
6. Education and Training Programs:
   • Initiatives to empower employees and the local community.
7. Economic Contributions:
   • Contributions to local economies through taxes, employment, and investments.