Auditing ESG Explained by Vonya Global

CHICAGO - May 5, 2022 - PRLog -- Vonya Global recently published an article explaining how internal audit can step in and aid organizations that need to stay ahead of ESG-related risks by having a clear direction for identifying, measuring, reporting, and mitigating these risks. ESG stands for Environmental, Social, and Governance and refers to three primary factors in measuring the sustainability of an investment. Investors and the public expect organizations to manage their ESG risks while also factoring in their initiatives' environmental, social, and community impact. Because of these potential concerns and expectations, we see a transformation towards more sustainable practices.

With this transformation towards improved organizational disclosure of environmental, social, and governance (ESG) statements, internal audit can play a pivotal role in an organization's ESG execution and reporting goals by equipping management with recommendations and assurance on ESG governance, processes, and internal controls. Internal auditors have the capability to uncover both emerging risks and vulnerabilities that may not be mitigated or managed adequately by an organization.

To learn more about internal audit's role in auditing ESG, read the full article at https://vonyaglobal.com/insights/auditing-esg/

ABOUT VONYA GLOBAL: Vonya Global is an international consulting firm specialized in enhancing corporate governance by providing internal audit, internal control and risk assurance services to a wide range of companies. The firm is focused on providing Knowledge Leadership in internal control and superior Client Service. There is a better way, Vonya Global will show you.