ASSESSMENT OF PRESENTATION AND DISCLOSURE OF INFORMATION ON ENVIRONMENTAL LIABILITIES IN PUBLIC REPORTING OF THE COMPANIES: APPLICATION OF METHOD OF THE DYNAMIC NORMAL
The article presents the results of a research on the development of new approaches to the analysis of the presentation and disclosure of information on environmental liabilities in the public reporting of coal companies. The author proposes a method developed for the benefit of internal and external users, which provide the implementation of independent audit procedures and self-assessment procedures. The author chose a going concern assumption as an estimated aspect in the method. The author proved the need for analysis of the information on environmental liabilities with regard to the recognition of their impact on the financial standing and financial results of the company. This point determined the addition of financial and other characteristics recommended by auditing standards with events and conditions that may raise significant doubts in legitimacy of a going concern assumption using. The author gives grounds for using the method of dynamic normal, which significantly enhance the quality of evidence during analytical procedures. The author implemented the method on three options of assessment: upon financial indicators, upon nonfinancial indicators and per totality of these indicators. The results of application of the method allowed the author to conclude about the information gap in users' satisfaction, which can significantly influence their understanding of the prospects of functioning of economic entity. The results of the analysis enable to assess the development pathway of the ecological component of the activity, which forms an idea of the company's ecological responsibility.