Waste Disposal Practices Essay Example | Topics and Well Written Essays - 2250 words

Waste Disposal Practices - Essay Example Waste management is an area that directly affects most businesses and is highly legislated by laws that can be difficult to apply and interpret. The price of waste disposal has increased significantly. The present study will evaluate the current waste disposal practices through analyzing the waste hierarchy i.e. 3 R's (Recycling, Re-use, and Reduction). In the process of evaluation of different models of EMS i.e. ISO 14001, ACRON (BS 8555), Environmental Management and Audit System (EMAS), the study will evaluate the different systems and try to conclude the best-fit system for the company through which waste management could be done. The present study use both qualitative and quantitative methodologies e.g. interviewing the key informants, questionnaire survey and evaluation through quantitative analysis. Rationale of study: Sustainability has become a broad church in which the congregation ranges form governments to multinational corporations from non-governmental organizations to medium-sized and small companies and from aid charities to private individuals. At a corporate level, even the smallest business is touched by issues such as environmental regulations, standardization and business standards, occupational health and safety, traffic congestion, land and energy use, waste management and corporate social responsibility. Business needs to be more aware of how its actions impact on the environment and human health. Importantly for businesses, risk is determined by several factors, not just the intrinsic hazards of an activity or plant. This is where environmental management systems and procedures can reduce the risk of environmental accidents. We believe that a well-planned and well-implemented environmental management system (EMS) will help to improve the management of environm ental risks from the activity. The effectiveness of organizations EMS's or procedures will be part of our assessment for judging what does and does not constitute 'real' risk. By identifying, managing and implementing responsible environmental practice, it makes good business sense and is synonymous with a well-managed organization. Background: Every business creates waste, but many businesses have demonstrated that huge savings can be made by managing it better. Good EMS practices are also important to make sure to keep with in the law, which is changing rapidly. Many

Audit and assurance Essay Example | Topics and Well Written Essays - 1500 words

Audit and assurance - Essay Example Linked in to this is the growing belief that many firms of auditors are unable to make objective judgments because they are either too close to the clients that they are auditing or they get close to them during recurring audits of the same clients. This is the main area where an auditor’s independence is brought under question. The basic idea of audit is to bring in an independent assessor of the financial statements; the assessor i.e. the auditor should be honest while giving out his conclusion on the financial statements. The auditor issues a report explaining the audit process and gives his opinion as to the truth and fairness of the financial statements i.e. whether they are prepared in accordance with the relevant legal and accounting standards. There are many different types of assurance engagements: An auditor usually gives out two types of assurances, Reasonable or Limited Assurance. A reasonable assurance is of high level while a limited assurance is a moderate level assurance. When giving out a reasonable assurance, the auditor gives out a positive report (means the statement given out would be a positive one as opposed to a normative statement given out in limited assurance). Many companies get their financial statements audited by different audit firms, along with these external audits, companies also assign other assurance services to the existing auditor, this issue has caused a bit of concern over the recent years. The independence of the auditor is questioned when he takes up such assignments along with the external audit assignment. To avoid such situation, the auditor can perform certain strict procedures while performing the external audit along with other assurance services: The treasury selection committee in May 2009 published a report to address the issue of increasing investor’s confidence in a firm, in this report, the main aim of