Silviya Kostova
Audit procedures in the assessment of environmental costs
Summary:
The article reviews the interdependence between changes in financial reporting and the scope of audit procedures conducted by statutory auditors. It studies the characteristics of the environmental aspects of the integrated fi-nancial framework and their impact on the accuracy of financial and non-fi-nancial information. Some of the challenges faced by statutory auditors have been outlined in response to the major measures adopted through the strategic document “Europe 2020”, as well as the expectations of audit opinion users via integrated reporting.
