In years past, environmental issues were often ignored by both corporations and individuals. Hazardous waste and other such items were considered a necssary cost of a growing economy. Times have changed, as people now realize the effects of waste products that potentially could damage the environment. Most people now recognize that preserving clean air, water, and land is more important than lower-cost products for consumers or higher profits for business firms. Many people are willing to pay more for a product that is environmentally friendly. Many companies are now interested in being "green," as many investors place a high value on environmental responsibility. Regulations have been developed to govern "waste management" and to ensure that corporations are environmentally conscious. Some corporations have had to pay to clean up their past environmentally "un-friendly" behavior. However, most firms have established good reputations as environmentally "friendly."
The following is a list of related topics in the area of environmental accounting and auditing:
Accounting Guidance for Environmental Issues
Texas
A&M University
Questions,
Comments? Please E-mail Dr. L.M. Smith.
Note: This page was developed by Dr. L.M. Smith and Ms. T.L.
McCaslin.