Impact of Economic Factors on Green Audit and Reporting Practices

Dipti Agrawal(1Mail), Rajendra Sharma(2),
(1) Research Scholar, P.M.B. Gujarati Commerce College, Nasia Road, Indore, India
(2) Assistant Professor, P.M.B. Gujarati Commerce College, Nasia Road, Indore, India

Mail Corresponding Author
Copyright (c) 2019 Dipti Agrawal, Rajendra Sharma

DOI : https://doi.org/10.33122/ijase.v2i2.155



Abstract


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

Keywords


Green audit and reporting practices; Automobile Industries; Environmental Accounting

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