Determinants of sustainability reporting audit: an empirical analysis of practices in Asia

Юрченко, Олександр Анатолійович (2025) Determinants of sustainability reporting audit: an empirical analysis of practices in Asia Фінансово-кредитна діяльність: проблеми теорії та практики, 64 (5). pp. 139-164. ISSN 2310-8770

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Abstract

In today's globalisedworld, where economic processes are becoming increasingly inter-connected and environmental, social and governance (ESG) factors are exerting a grow-ing influence on management decisions, the importance of sustainability reporting is growing rapidly. Auditing is a key issue, as external confirmation of the reliability of non-financial indicators builds trust among investors, regulators and other stakeholders. However, in most Asian countries, mechanisms for auditing sustainability reporting are still in the process of development or institutionalisation.This study aims to identify and systematise the key factors influencing the development and implementation of sustainability reporting audits in Asian countries. It also seeks to empirically evaluate auditingpractices for non-financial reporting from 2019 to 2023, taking into account regulatory, institutional, corporate and market factors.Analysing non-financial reporting and sustainability reporting audit practices in compa-nies in Asian countries —particularly Australia, China, India, Indonesia, Japan, Singa-pore, and South Korea —from 2019 to 2023 revealed key trends and challenges in this area.The scientific novelty of the study lies in its further development of the theoretical foun-dations of sustainability reporting auditing in Asian countries. This involves synthesising auditing practices focused on the Asian region while taking into account various criteria, such as audit format, applicable auditing standards, regulatory factors and corporate governance attributes. This provides a practical understanding of how Asian countries align with global sustainability reporting auditing trends, which can be utilised by regu-lators, auditors and standard setters to harmonise quality assurance practices and en-hance the reliability of sustainability reporting audits.The study found that the dynamics of sustainability reporting types reflect a shift from separate non-financial reporting to more consolidated formats, such as annual or inte-grated reports, in countrieslike Australia, India, Japan, and Singapore.Global experience demonstrates the increasing importance of sustainability reporting audits as a means of enhancing transparency, fostering stakeholder trust, and improving strategic risk management. The application of specialised standards, adaptation to cli-mate challenges and improvement of verification procedures are becoming key factors in the successful implementation of sustainability policies in Asian companies.

Item Type:	Article
Uncontrolled Keywords:	audit; reporting; audit consulting; international audit; Asian countries; sustainable development; non-financial reporting; integrated reporting; management reporting; corporate governance; auditing standards; corporate social responsibility
Subjects:	Статті у базах даних > Web of Science
Divisions:	Факультет економіки та управління > Кафедра міжнародної економіки
Depositing User:	доцент Олександр Анатолійович Юрченко
Date Deposited:	04 Dec 2025 11:34
Last Modified:	04 Dec 2025 11:34
URI:	https://elibrary.kubg.edu.ua/id/eprint/54359

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