ASSETS RESTATEMENT MODEL FROM THE NATURAL CAPITAL MAINTENANCE PERSPECTIVE

Raluca Guse, Viorel Avram (), Adriana Calu () and Daniela Calu ()
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Viorel Avram: Academy of Economic Studies, Bucharest
Adriana Calu: University of Bucharest

Internal Auditing and Risk Management, 2010, vol. 4, issue 20, 71 - 80

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 (search for similar items in EconPapers)
JEL-codes: M40 M41 M42 O13 Q56 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:tome:20:y:2010(iv):i:20:71-80

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