THE ROLE OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE CRITERIA IN IMPROVING SUSTAINABILITY AUDITS: AN ANALYSIS OF BEST PRACTICES AND IMPACT ON MODERN AUDITING STANDARDS

Kiril Dimitrov Dimitrov

Abstract


This study analyzes the role of environmental, social and governance (ESG) criteria in improving sustainability audits, examining their impact on current auditing standards and identifying best practices across industries. ESG criteria are becoming increasingly important for organizations seeking to demonstrate their commitment to sustainability, transparency and responsible governance. The study highlights the importance of ESG in audit processes, examining their integration into risk assessments, reporting and sustainability management. Through case studies from the energy, banking, manufacturing and technology sectors, both the challenges and opportunities for implementing ESG criteria are presented. Key highlights include the need for standardized frameworks, the use of technological innovations such as automation and artificial intelligence, and the role of auditors in ensuring reliable and accurate ESG reporting. In addition, the studies examine the impact of ESG on current auditing standards, calling for their adaptation to new sustainability requirements.

Keywords


ESG criteria, sustainable development, sustainability audit, auditing standards, risk management, corporate accountability.

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