The Effect Of Environmental Performance On Practicing Accounting and Auditing in The Economic Establishments
2006, Volume 28, Issue 83, Pages 9-34
There has been an increasing concern in many economic establishments concerning protection of environment from the harmful effects resulting from practicing their operational and production activities and their attempts to eliminate or reduce such environmental risks which these establishments may be exposed to. These risks may affect the establishments ability to sustain practicing such activities. This situation has contributed to companies practicing of environmental policies as such polices have become the pivotal concern of strategic planning in the economic establishment because if it does not maintain the environmental resources, it will be exposed to legal, political or financial pressures. Such pressures may affect the establishments ability to continue practicing its activities. However, the researchers observes that accounting should provide data about the projects environmental effect s through counting the cost of preserving and protecting environment as part of production cost .In addition , the researches recommend taking into consideration environmental data as while making decisions and regard the report on the environmental data as part of accounting principles. Consequently , auditing , at this respect , should aim at evaluation what a project contributes to the social aspects.
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