Using Internal Audit in Assessing Environmental Performance

Abstract

This paper studies conceptual framework of internal control elements of environmental indicators and provides the characteristic and implementation of internal control at the enterprise. The paper points out that during the last decade the world has seen positive trends aimed at solving the problems of conservation of natural resources and ecosystems to ensure the continued environmentally sustainable socio-economic development of regions.

Therefore, it is particularly important task in the period of market reforms for sustainable economic and environmental development for many territories facing urgent problems of protection of natural resources and ecosystems depending on production activities. This paper has revealed that the development of domestic environmental audit in investment activity is only possible for the understanding of the role of environmental audit as a driver to increase the competitiveness of enterprises .This requires some additions to existing regulation of legislative and regulatory acts, elimination of gaps in dissemination of environmental audit procedures in the practice of investment decision- making. Implementation of the proposed model of introducing environmental audit in investment support system requires joint efforts of enterprises towards improvement of efficiency and rational use of natural resources for domestic production of competitive products.

KEYWORDS – Environmental Indicators, Internal Control, Environmental Audit, Environmental Security, Environmental Management.