I have identified the environment as our most important asset and have illustrated how the role it plays in our lives has undergone a metamorphosis. This change in the way we interact with the environment has magnified the accountant¹s deficiency in reporting environmental liabilities. Fortunately, these deficiencies are beginning to be recognized. Changes in environmental accounting will validate the relevancy and reliability of information as well as foster positive environmental practices. Through the influence of consumers, investors, and policy makers, companies will be forced to adapt new accounting procedures. In reporting and recording the social costs that businesses occur, a step will be taken to stop environmental abuses.
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Evans, Mark, "Environmental Accounting: An Analysis of Environmental Liabilities" (1994). Honors Theses. 478.