Page 68 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

Research on Financial Development Mechanism and Path of Forestry Carbon
Sequestration in Developing Countries under Double Carbon Targets

still biased towards relying on national audit strength, social audit and internal audit
strength is weak, and social audit and internal audit pay far less attention to carbon au-
dit, national audit, social audit and internal audit cannot establish a good linkage and
coordination mechanism. From a horizontal point of view, in the national audit, the co-
ordination and cooperation between the audit authority and the environmental protec-
tion authority and the financial authority are not enough, the carbon information plat-
form is not open, and the data resources cannot be shared, which affects the efficiency
of the carbon audit work; In social audit, accounting firms failed to establish effective
linkage with carbon emission exchanges and other institutions, resulting in insufficient
disclosure of carbon information and ineffective supervision; In the internal audit, the
internal audit department is only the basic supervision, and has not strengthened the
cooperation with the science and technology research and development department and
other departments to play its evaluation and service functions. Generally speaking, the
linkage and coordination mechanism of China’s carbon audit is still relatively weak,
unable to play its maximum effectiveness.
3) Limited coverage and results of carbon audits
Judging from the current situation in our country, carbon audit is only limited to
the branch of environmental audit, with national audit as the main coverage and rarely
involving social audit and internal audit. The majority of enterprises and the public in
the society do not have sufficient awareness of the “two-carbon” policy and do not par-
ticipate in the carbon audit. In particular, enterprises with high carbon emissions from
daily production and living and for-profit purposes will not take the initiative to dis-
close carbon information in the audit report. Even if some enterprises have the aware-
ness of carbon audit and actively cooperate with the carbon audit, they cannot effec-
tively use the carbon audit results, which results in the limited application scope of the
carbon audit results, mainly focusing on the monitoring of carbon emission reduction
standards and the inspection of the legality and compliance of special funds for carbon
emission reduction. From the aspect of national audit, the application scope of carbon
audit results has not been extended to the supervision of leading cadres’ duty perfor-
mance; From the perspective of social audit, the application of carbon audit results is
not reflected in corporate social responsibility and transparency of corporate carbon in-
formation disclosure; From the aspect of internal audit, the application of carbon audit
results does not show the effectiveness of internal control operation of an enterprise’s
environmental protection. No matter from which level above, the application scope of
the results of carbon audit is relatively narrow.

54