Analysis of the Counterparty’s Environmental Reliability
https://doi.org/10.26794/2408-9303-2024-11-6-52-62
Abstract
Today’s market shows increasing competition within consulting and audit services. Audit firms seek to expand the range of services provided and, considering the business environment, develop new areas for consulting activities. The authors offer due diligence as an example of such a developing and popular area. During environmental due diligence, an external firm is reviewing the company’s adherence to environmental regulations. Analyzing counterparty environmental reliability is key to safeguarding organizational finances and lessening business risks. The lack of a standard method for environmental due diligence makes developing fresh approaches crucial, thus emphasizing the topic’s relevance. The research assesses counterparty verification. Its goal is to determine how well it ensures compliance with environmental laws and regulations. The authors used the methods of synthesis, comparative analysis, and generalization in studying the features of the implementation of environmental due diligence. The study’s result is identifying the possibilities of using the obtained information regarding the counterparty as a supposed source of environmental risks to decide further methods for their reduction. As conclusions, the authors determined trends in the further growth and progress of methods for conducting environmental due diligence.
About the Authors
S. М. Bychkova
The State Institute of Economics, Finance, Law and Technology
Russian Federation
Russian Federation
Svetlana М. Bychkova — Dr. Sci. (Econ.), Prof., Prof. of the Department of Accounting and Statistics
Gatchina
O. V. Shvets
The State Institute of Economics, Finance, Law and Technology
Russian Federation
Russian Federation
Oksana V. Shvets — Senior lecturer, Department of Accounting and Statistics
Gatchina
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Review
For citations:
Bychkova S.М., Shvets O.V. Analysis of the Counterparty’s Environmental Reliability. Accounting. Analysis. Auditing. 2024;11(6):52-62. (In Russ.) https://doi.org/10.26794/2408-9303-2024-11-6-52-62
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