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Assets Restatement Model From The Natural Capital Maintenance Perspective


Author Info

  • Gina Raluca GUSE

    (Academy of Economic Studies, Bucharest)

  • Viorel AVRAM

    (Academy of Economic Studies, Bucharest)

  • Adriana CALU

    (University of Bucharest)

  • Daniela Artemisa CALU

    (Academy of Economic Studies, Bucharest)


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.

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Bibliographic Info

Article provided by Athenaeum University of Bucharest in its journal Internal Auditing and Risk Management.

Volume (Year): 4 (2010)
Issue (Month): 20 (December)
Pages: 71 - 80

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Handle: RePEc:ath:journl:tome:20:y:2010(iv):i:20:71-80

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Related research

Keywords: neutral assets; polluting assets; environmental factor; environmental audit and risk; positive and negative externalities;

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