ASSETS RESTATEMENT MODEL FROM THE NATURAL CAPITAL MAINTENANCE PERSPECTIVE
Published: 2010-01-01
Volume: No 20 - December 2010
Pages: 75|84
Authors
- Student Adriana
- Economic Studies
- Gina Raluca
- Economic Studies Pages
Abstract
The present research aims to propose a new approach to defining and measuring assets in terms of the negative effects and net benefits arising from their use and affecting the natural capital. In this regard, we provide a new definition and a reclassification of assets in three categories, depending on the nature of their environmental impact. The proposed categories are: natural assets, neutral assets and polluting assets. Given that natural assets can not be object to reliable measurements, we find as appropriate the current qualitative reporting techniques (Corporate Social Responsibility Reports – CSR). Balance sheet assets, reclassified as neutral assets and polluting assets will be restated based on an environmental factor. The proposed model may be used for financial and non-financial reporting of environmental issues, as well as an instrument for environmental audits and for the assessment of environmental risks.
Keywords: neutral assets, polluting assets, environmental factor, environmental audit and risk, positive and negative externalities
Cite this article
APA: Student Adriana, Economic Studies, Gina Raluca, Economic Studies Pages (2010). ASSETS RESTATEMENT MODEL FROM THE NATURAL CAPITAL MAINTENANCE PERSPECTIVE. Internal Auditing & Risk Management, Vol. 20, No. 20, pp. 75-84.
BibTeX:
@article{studentadriana2010509,
title = {ASSETS RESTATEMENT MODEL FROM THE NATURAL CAPITAL MAINTENANCE PERSPECTIVE},
author = {Student Adriana and Economic Studies and Gina Raluca and Economic Studies
Pages},
journal = {Internal Auditing & Risk Management},
year = {2010},
volume = {20},
pages = {75----84},
doi = {}
}