Environmental audit in Singapore

The growing environmental problems have led to the concern for the environment and brought about the evolution of environmental auditing. Environmental auditing originated in the United States and spread its influence to many industrialized countries. Although there are many definitions as...

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Bibliographic Details
Main Author: Chua, Boon Hua
Other Authors: Teo Susan
Format: Final Year Project (FYP)
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/64348
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author Chua, Boon Hua
author2 Teo Susan
author_facet Teo Susan
Chua, Boon Hua
author_sort Chua, Boon Hua
collection NTU
description The growing environmental problems have led to the concern for the environment and brought about the evolution of environmental auditing. Environmental auditing originated in the United States and spread its influence to many industrialized countries. Although there are many definitions as to the concept of environmental auditing, it can be seen as a management tool that enables management to. access environmental.performance against corporate standards and compliance with environmental legislation. The benefits of environmental auditing include enhancement of corporate image, better resource management and assessment of compliance with environmental legislation to avoid legal liabilities. The difficulties relating to the implementation of environmental auditing include the lack of environmental auditing standards and information databases, the lack of trained professions to conduct an environmental audit, the implementation problems of adopting environmental auditing in an organization, and the lack of willing parties to bear the cost of environmental auditing. This paper looks at the potential role of an environmental audit in Singapore, a newly industrialized country especially in its chemical, manufacturing and construction industry. The survey and interview results, however, indicate that environmental auditing may not be necessary in the near future as the industries are having less environmental problems compared to the United States counterparts. Also, environmental auditing may not be necessary because of the active role played by the Ministry of Environment. Hence, firms in Singapore generally are not in the opinion that the benefits of environmental auditing will accrue in the local environment. Furthermore, if environmental auditing is to be adopted, there are problems as to the availability of environmental auditing services and environmental auditors. In addition, neither the public nor firms are willing to bear the costs of environmental audit.
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spelling ntu-10356/643482023-05-19T06:24:04Z Environmental audit in Singapore Chua, Boon Hua Teo Susan Nanyang Business School DRNTU::Business The growing environmental problems have led to the concern for the environment and brought about the evolution of environmental auditing. Environmental auditing originated in the United States and spread its influence to many industrialized countries. Although there are many definitions as to the concept of environmental auditing, it can be seen as a management tool that enables management to. access environmental.performance against corporate standards and compliance with environmental legislation. The benefits of environmental auditing include enhancement of corporate image, better resource management and assessment of compliance with environmental legislation to avoid legal liabilities. The difficulties relating to the implementation of environmental auditing include the lack of environmental auditing standards and information databases, the lack of trained professions to conduct an environmental audit, the implementation problems of adopting environmental auditing in an organization, and the lack of willing parties to bear the cost of environmental auditing. This paper looks at the potential role of an environmental audit in Singapore, a newly industrialized country especially in its chemical, manufacturing and construction industry. The survey and interview results, however, indicate that environmental auditing may not be necessary in the near future as the industries are having less environmental problems compared to the United States counterparts. Also, environmental auditing may not be necessary because of the active role played by the Ministry of Environment. Hence, firms in Singapore generally are not in the opinion that the benefits of environmental auditing will accrue in the local environment. Furthermore, if environmental auditing is to be adopted, there are problems as to the availability of environmental auditing services and environmental auditors. In addition, neither the public nor firms are willing to bear the costs of environmental audit. ACCOUNTANCY 2015-05-26T03:35:07Z 2015-05-26T03:35:07Z 1993 1993 Final Year Project (FYP) http://hdl.handle.net/10356/64348 en Nanyang Technological University 65 p. application/pdf
spellingShingle DRNTU::Business
Chua, Boon Hua
Environmental audit in Singapore
title Environmental audit in Singapore
title_full Environmental audit in Singapore
title_fullStr Environmental audit in Singapore
title_full_unstemmed Environmental audit in Singapore
title_short Environmental audit in Singapore
title_sort environmental audit in singapore
topic DRNTU::Business
url http://hdl.handle.net/10356/64348
work_keys_str_mv AT chuaboonhua environmentalauditinsingapore