Environmental accounting ‐ what does it mean to professional accountants?

Medley, Patrick

doi:10.1108/09513579710180833

Cited by 63 publications

(83 citation statements)

References 1 publication

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“…As discussed in the previous section, over a period of time, commentators and authors (Bebbington & Gray, 1992;Gallhofer & Haslam, 1997;Medley, 1997;Rezaee et al, 1995;Steadman et al, 1995), particularly the more 'visible' public criticism, led to some disquiet in the accountancy professional arena and, in 1998 (amidst the Enron debacle), IFAC released IAPS-1010.…”

Section: Ags-1010: a Legitimation Strategymentioning

confidence: 99%

“…The financial auditors interviewed for this study confirmed that environmental matters were a prominent current issue in the 1990s and many journal articles were written on them (refer to section 5.1.1). However, the accountancy professions in many countries did not seem to take environmental issues seriously, and were criticised by various commentators (Bebbington & Gray, 1992;Gallhofer & Haslam, 1997;Medley, 1997;Rezaee et al, 1995;Steadman et al, 1995). Medley (1997) also observed that although many overseas accountancy professions initiated research on environmental accounting and the future role of the profession in environmental accountability, the research conclusions and recommendations for improvements did not seem to bring about change.…”

Section: The Auditing Profession Ags-1010 and Legitimacy Theorymentioning

confidence: 99%

“…Although there were difficulties in environmental accounting (Chadick et al, 1993;Hooks, 1996;Medley, 1997), Bebbington and Gray (1992) regarded the accountancy profession's commitments to the 'public interest' as a major reason for 'greening accountancy'. Consequently, Billing et al (1994) remarked that environmental risk assessment and management were now part of corporate governance.…”

Section: Corporate Environmental Accountabilitymentioning

confidence: 99%

“…Hence, NZICA and other overseas accountancy bodies have generally sought, so far, to confine their attention on environmental matters to existing, generally accepted accounting practice (ICAEW, 1996;ICANZ, 2001;IFAC, 1995). Various authors have cited contingent liabilities as the most widely experienced type of financial statement impact ICAEW, 1996;ICANZ, 2001a;IFAC, 1995), and considered 'provisions and contingent liabilities' as the appropriate accounting treatment for environmental matters (Hines & Jackson, 1994;McGuinness & Sharpe, 2001;Medley, 1997;Specht, 1992).…”

Section: The Application Of Accounting Standardsmentioning

confidence: 99%

“…On the other hand, researchers recognise the importance of environmental matters in the economic functioning of entities whose activities affect the environment (Collison, 1996;Collison & Gray, 1997;Collison, Gray, & Innes, 1996;Medley, 1997).…”

Section: Background To the Studymentioning

confidence: 99%

See 4 more Smart Citations

The consideration of environmental matters in the audit of financial reports

Chiang¹

2010

Journal of Accounting &Amp; Organizational Change

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Section: Ags-1010: a Legitimation Strategymentioning

confidence: 99%

Section: The Auditing Profession Ags-1010 and Legitimacy Theorymentioning

confidence: 99%

Section: Corporate Environmental Accountabilitymentioning

confidence: 99%

Section: The Application Of Accounting Standardsmentioning

confidence: 99%

Section: Background To the Studymentioning

confidence: 99%

See 3 more Smart Citations

The consideration of environmental matters in the audit of financial reports

Chiang¹

2010

Journal of Accounting &Amp; Organizational Change

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Extinction accounting and accountability: Empirical evidence from the west European tissue industry

Corvino

Martini

2021

Bus Strat Env

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Recently, human activities are more and more invasive with respect to biodiversity.Several studies highlighted the key role played by accountants in contributing to the development of tools able to support company in assessing, reporting, and disseminating, as well as accomplishing, the preservation of natural species and ecosystems (King and Atkins, 2016). Corporate reporting of environmental information might increase the credibility of forest certifications, given that some scholars argued that certified forests are not often run, in a sustainable way. Moreover, certifications sometimes cover harmful forest practices (Elad, 2014) and do not ensure a good quality of environmental reporting and performance. The research question therefore intends to explore how extinction accounting and accountability (EAA) is able to reflect ex post the company's business strategy and, at the same time, influence ex ante its formulation by easing the prevention of deforestation risk and addressing the issue of credibility through specific actions. In more detail, the "Emancipatory Framework for Extinction Accounting and Accountability" (EFEAA) (Atkins and Maroun, 2018) was tested using content and interpretative analyses based on the reports inherent to top four companies working in West Europe in the tissue industry, where the preservation of forest heritage is a "compulsory route" for assuring the business sustainability, in terms of both raw material renewal and brand reputation. The findings highlighted the first attempt to carry out a qualitative research over the management of forest issues. In our study, companies tend to report advantages arising from the use of forest, but this kind of disclosure is too generic without providing evidence over the ecosystem services forests produce. Moreover, firm size affects the quantity and the quality of disclosure. At last, managerial implications and future research avenues are outlined and discussed.

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Environmental accounting: an essential component of business strategy

2004

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Environmental accounting is on an expansion path. With increasing social focus on the environment, accounting fills an expectation role, to measure environmental performance. The status of environmental awareness provides a dynamic for business reporting its environmental performance. Examining the integration of environmental policy with business policy is the focus of this research. The business firm's strategy includes responding to capital and operating costs of pollution control equipment. This is caused by increasing public concerns over environmental issues, and by a recent government‐led trend to incentive‐based regulation. This paper describes the environmental component of the business strategy, producing the required performance reports and recognizing the multiple skills required to measure, compile and analyze the requisite data. Special emphasis of the research is on generation of reports and their standards, for the range of business and regulatory purposes. Copyright © 2004 John Wiley & Sons, Ltd and ERP Environment.

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Environmental accounting ‐ what does it mean to professional accountants?

Cited by 63 publications

References 1 publication

The consideration of environmental matters in the audit of financial reports

The consideration of environmental matters in the audit of financial reports

Extinction accounting and accountability: Empirical evidence from the west European tissue industry

Environmental accounting: an essential component of business strategy

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