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Auditing as an effective mean of communication on environmental, social and governance issues in Brazil


  • Washington Lopes Silva

    (University of São Paulo, Brazil)

  • Joshua Onome Imoniana

    (University of São Paulo, Brazil)


The study investigates the understanding of the relationships between the adoption of the sustainability standards by the organisations, audit role and the effective communication based on Environmental, Social and Governance (ESG). The ESG has evolved over time in several countries and has attracted some concerns on the part of stakeholders. Thus, our research responds to the question of what the understanding of the relationship between audit communication and ESG risks is. Data was constructed from the Symposium organized by the Brazilian Central Bank addressing the future of sustainability and from interview of experts. We used the discourse analysis to work on the data corpus. Our results reveal that to comprehend the relationship between auditing and communication on ESG issue, understanding risk analysis and the matrices, planning and rules of effective communication turns sine qua non. De facto, a well written report and communicated in a timely manner instils confidence in the auditee by procuring response and giving remedies to weaknesses without fear or favour. Results also indicate that auditing will have a key role to play through their methodologies noting that they are competent to carry out the work. Overall, our study contributes to research on ESG, auditing communication and stakeholders’ relationships.

Suggested Citation

  • Washington Lopes Silva & Joshua Onome Imoniana, 2021. "Auditing as an effective mean of communication on environmental, social and governance issues in Brazil," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(1), pages 103-122, September.
  • Handle: RePEc:ssi:jouesi:v:9:y:2021:i:1:p:103-122
    DOI: 10.9770/jesi.2021.9.1(7)

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    References listed on IDEAS

    1. Nizam, Esma & Ng, Adam & Dewandaru, Ginanjar & Nagayev, Ruslan & Nkoba, Malik Abdulrahman, 2019. "The impact of social and environmental sustainability on financial performance: A global analysis of the banking sector," Journal of Multinational Financial Management, Elsevier, vol. 49(C), pages 35-53.
    2. Joshua Onome Imoniana & Washington Lopes Silva & Luciane Reginato & Valmor Slomski & Vilma Geni Slomski, 2020. "Sustainable Technologies for the Transition of Auditing towards a Circular Economy," Sustainability, MDPI, vol. 13(1), pages 1-23, December.
    3. Elżbieta Izabela Szczepankiewicz, 2021. "Identification of Going-Concern Risks in CSR and Integrated Reports of Polish Companies from the Construction and Property Development Sector," Risks, MDPI, vol. 9(5), pages 1-31, May.
    4. Joshua Onome Imoniana & Bernardete Bezerra Silva Imoniana, 2020. "Auditors’ Career Development and Personal Identity Crisis," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 565-586.
    5. Aaron K. Chatterji & Rodolphe Durand & David I. Levine & Samuel Touboul, 2016. "Do ratings of firms converge? Implications for managers, investors and strategy researchers," Strategic Management Journal, Wiley Blackwell, vol. 37(8), pages 1597-1614, August.
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    More about this item


    ESG; sustainability; audit; effective communication; auditing; stakeholders; SDG; Brazil;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth


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