ИЗВЈЕШТАВАЊЕ О ОДРЖИВОСТИ - НОВИ ИЗАЗОВ ПРЕД ИНТЕРНОМ РЕВИЗИЈОМ
SUSTAINABILITY REPORTING - A NEW CHALLENGE FOR INTERNAL AUDIT

Author(s): Dragan Kulina
Subject(s): Business Economy / Management, Energy and Environmental Studies, Economic development, Environmental interactions, Accounting - Business Administration, Socio-Economic Research
Published by: Savez računovođa i revizora Republike Srpske
Keywords: sustainable development; environment; social responsibility and corporate governance; business success; ESG risk; corporate sustainability; sustainability reporting; internal audit;
Summary/Abstract: Sustainable development or sustainability is based on -understanding the connection between the three basic elements that make it up: environmental protection, socially responsible behavior and conscientious corporate governance (ESG). Achieving a balance between these elements practically ensures the long-term development of human society in a preserved environment. The favoring of sustainable development is the result of the maturing awareness of the risks associated with it (ESG risks) and has influenced companies to start disclosing their position in relation to these risks. Publishing information about sustainability is the best way for companies to show and prove that they are committed to the concept of ESG and this -will only be possible if the information published through the report is accurate. Internal controls, which should ensure the accuracy of information, and internal auditing, which should provide assurance of their reliability, play a key role in this. Therefore, the aim of this study is to investigate the influence of the growing practice of sustainability reporting on the role of the internal audit function in organizations, i.e. searching for an answer to the question whether this influence only means an increase in the scope of work for internal audit, or whether it is about the transformation of its role as a generator of added value into the role of a guardian of sustainable development. For this purpose, all available, mostly secondary, sources will be used in the research, i.e. a review of the relevant literature will be carried out.

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