Open AccessImpact of Economic Factors on Green Audit and Reporting Practices
Author(s) -
D. P. Agrawal,
Rajendra K. Sharma
Publication year - 2019
Publication title -
international journal of advances in social and economics
Language(s) - English
Resource type - Journals
ISSN - 2685-2691
DOI - 10.33122/ijase.v2i2.155
Subject(s) - audit , environmental accounting , business , environmental full cost accounting , accounting , environmental reporting , environmental impact assessment , environmental resource management , accounting information system , economics , accounting management , throughput accounting , ecology , biology
Growing legal and social concern about mounting natural calamities and other environmental problems have given rise to the need for incorporating environmental issues in the financial statements of a company. This emerged the new area of accounting known as environmental accounting. To measure environmental activities of an organization and their resulting impacts of business on the society, it is necessary to account for the concern’s environmental costs, benefits, assets and liabilities. Complete greening of accountancy and measure the relevant environmental costs and liabilities. It also analyse the extent to which environmental activities and performance can influence managerial decisions and financial results of a company. It will help the organizations to identify the resource utilization and the incurred cost. This paper aims to check the effect of social, economic and environmental factors on Green Audit and Reporting Practices (GARP) Performance. The hypothesis is based on available information collected from automobile industries. The chi-square tests is applied for hypothesis testing as the collected responses are dichotomous. The results disclosed that social, economic and environmental factors are the significant in GARP performance