AN OVERVIEW ON THE SUSTAINABLE AND ENVIRONMENTAL AUDITING AND REPORTING ROLE IN INDIAN COMPANIES
Author(s):
BODA A RAJINIKALA, Dr.PURRI SANJEEVI
Keywords:
Financial Statements, Auditing, Reporting, Sustainability, Indian Companies, etc.
Abstract
Earth's resources are in short supply. The unique commodities may be used in a variety of ways, either directly or indirectly, by a variety of business entities. As a result, the Earth is burdened and ecosystems and climate aren't being protected as effectively as they may be. The present state of the ecosystem makes maintaining it an intriguing challenge. It is important for businesses to keep track of how their operations affect the environment, and environmental accounting is a way to do this in financial terms. Deforestation and waste are two of the most common criticisms of accounting. It is the goal of this research to explain the justification for doing an environmental audit, as well as the primary benefits and costs of conducting an environmental audit, and to discuss environmental costs on environmental accounting in detail. Corporate success and long-term viability have been shown to go hand in hand. India's corporate reporting on sustainability has been more important over the last several years. While leading standards such as the Global Reporting Initiative (GRI) have made significant progress in defining the types of information that companies should publicly disclose, sustainability reports should be placed in a system that can effectively use the information and cause the companies to change their policies and practises.
Article Details
Unique Paper ID: 154564

Publication Volume & Issue: Volume 8, Issue 11

Page(s): 533 - 539
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