Certified Public Accountants

Some advocates of green accounting contend that it should be applied at the national-level, though others contend that it needs to be applied at the company-level, and nevertheless others contend that it need to not be applied at all (Vellinga & Withagen, 1996). The non-traditional attestation program proposed in this look for involves green accounting at the company-level.

At the company-level, green accounting involves assertions by organizations in the extent on the financial impact of their operations over a environment. Depending upon the mitigation actions of the company, these impacts may be either certain or negative ("Company Law: Recommendation on Green Accounting", 2001).

Green accounting is neither financial accounting nor managerial accounting. When green accounting is applied, however, it does involve written assertions by business officers ("Company Law: Recommendation on Green Accounting", 2001). Therefore, green accounting is appropriate for your non-traditional attestation program offered by a certified public accountant.

Market for your Proposed Attestation Service

The contemporary environmental movement was initiated with Earth Day in 1970 (O'Riordan, 1995). Corporations, during the earlier years of this movement have been characterized by a state of denial with respect for the impact of their operations on the physical environment. A series of ecologically relevant disasters led towards the development of typical public aid for the strict government regulation of a

 

Although many firms have accepted a responsibility not to harm the physical environment, much more have either not accepted this kind of a responsibility or have demonstrated tiny commitment to this kind of acceptance of responsibility in genuine practice. Further, although the crucial premise of corporate social responsibility stands out as the integration of organization workout and also the broader society, neither firms nor federal government (representing society) have defined precise mechanisms to attach genuine accountability to a corporate social responsibility toward the physical environment (Russo & Fouts, 1997).

ctivities that retain the potential to harm the physical environment. By the mid-1990s, numerous firms had known a responsibility to accomplish no harm towards the physical environment. This recognition was manifested in revised goods and production processes that reduced the ability for environmental harm. Further, several firms discovered that it's not only possible but also possible to reduce pollution and increase profits simultaneously (Hart, 1997).

Feltmate (1997) recommended how the link between accountability and corporate responsibility for protection of the physical environment be structured from the notion of accounting for sustainable development (ASD). ASD is manifested in many forms in the modern-day period, as the accounting profession from the industrialized countries has not developed a consensus on which from the quite a few means to ASD ought to be adopted as the standard. What most proponents from the ASD notion do agree upon, however, is that the incorporation of non-market values into financial accounting is necessary so that you can establish an powerful link among accountability and corporate responsibility to your protection in the physical environment.

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