THE ROLE OF AUDIT IN THE SYSTEM OF SUSTAINABLE DEVELOPMENT

Abstract

In the late 1980s, the long–term environmental strategy "sustainable development" appeared and began to develop in a unique way around the world. Sustainable development, as a new direction in the activities of organizations, led to the emergence of a new branch of accounting - sustainable development accounting. As one of the guarantees of an organization's operations, accounting involves verifying the reliability of information contained in financial statements and auditing. Accounting for sustainable development already defines the place and role of auditing in this system. Sustainable development audit focuses not only on financial reports but also on those based on non-financial information. Through analysis, an attempt has been made to substantiate the role of audit in the sustainable development system.