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The Accounting World Magazine:
Audit of Environmental Issue
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This article is an attempt to describe the issues of environmental audit and types of environmental audit along with suggestions for better development.

 
 
 

The audit of any issue is an absolute necessity to see whether the objectives and requirements of that issue have been fulfilled. As far as this article is concerned, it is limited to the audit of environmental issues.

"The systematic examination of the interactions between any business operation and its surroundings. This includes all emissions to air, land, and water; legal constraints; the effects on the neighboring community, landscape and ecology; and the public's perception of the operating company in the local area. Environmental audit does not stop at compliance with legislation. Nor is it a `green-washing' public relations exercise. Rather, it is a total strategic approach to the organization's activities1."

Investors and public at large are concerned about the environmental responsibility of the organization. They want to know about the potential hazards and future environmental liabilities of the organization. Therefore, environmental accounting alone is not sufficient, its audit is more important to know whether the information/report/data given under the environmental accounting system adopted is true or not. Although this type of audit is not compulsory in India, it should be the duty of the auditors to comment on the environmental issue being compulsory under the various acts.

 
 

The Accounting World Magazine, Environmental Liabilities, Global Markets, Waste Management, Environmental Accounting, Environmental Practices, Environmental Hazards, Environmental Accounting, Accounting Standards, Reliance Group of Industries, Environmental Economics, Environmental Awareness, Urban Development, Environmental Policy.