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Future of Environmental, Social and Governance Auditing in the Czech Republic - Evidence from Statutory Auditors

Author

Listed:
  • Veronika Popelková

    (Masaryk University, Brno, Czech Republic)

  • David Hampel

    (Mendel University in Brno, Czech Republic)

  • Patrik Svoboda

    (Mendel University in Brno, Czech Republic)

Abstract

This paper analyses the attitudes and opinions of statutory auditors regarding the issue of Environmental, Social and Governance reporting and its verification in the Czech Republic. The research examines auditors' willingness to perform ESG assurance, their attitudes towards ESG issues, and their views on key skills and training needs. A questionnaire survey was conducted among Czech statutory auditors, and the results were analysed using statistical methods. The findings reveal differing attitudes between auditors employed in audit firms and self-employed auditors. Auditors from larger companies are more likely to perceive ESG reporting as a meaningful tool for responsible business and demonstrate greater interest in its verification, whereas self-employed auditors tend to be more sceptical and regard ESG as more of a formal obligation. Although the study focuses on the Czech Republic, it is based on European legislation, and the results can be generalised across the EU.

Suggested Citation

  • Veronika Popelková & David Hampel & Patrik Svoboda, 2025. "Future of Environmental, Social and Governance Auditing in the Czech Republic - Evidence from Statutory Auditors," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 11(2), pages 147-162.
    • Handle: RePEc:men:journl:v:11:y:2025:i:2:p:147-162
    DOI: 10.11118/ejobsat.2025.007
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    References listed on IDEAS

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    1. Muttanachai Suttipun, 2021. "The influence of board composition on environmental, social and governance (ESG) disclosure of Thai listed companies," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 18(4), pages 391-402, December.
    2. Mika Vaihekoski & Habeeb Yahya, 2025. "Environmental, Social, and Governance (ESG) and Firm Valuation: The Moderating Role of Audit Quality," JRFM, MDPI, vol. 18(3), pages 1-20, March.
    3. Alfonso Del Giudice & Silvia Rigamonti, 2020. "Does Audit Improve the Quality of ESG Scores? Evidence from Corporate Misconduct," Sustainability, MDPI, vol. 12(14), pages 1-16, July.
    4. Remo Rossi & David Hampel, 2024. "Indirect Cost in Should Cost Calculations - How Carmaker's Cost Engineers See It," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 10(1), pages 96-106.
    5. Rita Lamboglia & Daniela Mancini, 2021. "The relationship between auditors’ human capital attributes and the assessment of the control environment," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 25(4), pages 1211-1239, December.
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    Keywords

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    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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