The article I found was called “Marc Naidoo Comments on
‘Greenwashing’ Risks in Internal Auditor Magazine”. Today, people
are becoming increasingly conscious of their impact on the
environment. Some people have decided to ride their bikes instead
of driving their cars to reduce greenhouse gas emissions. Some
people try to use fewer plastics, or to start recycling their waste.
Companies have picked up on this trend and have started posting
ways that they are more environmentally friendly than their
competitors. They do this so that environmentally conscious
customers will choose to support them by buying their products,
rather than their more wasteful competitors.
This sometimes motivates companies to commit “greenwashing”.
This is when a company lies about its environmental impact in order
to gain more customers. This is similar to a company lying about its
earnings to attract more stockholders. An internal auditor might
make sure that a company actually is doing what is tells the public it
is doing (such as Chipotle claiming to only print their napkins on
recycled paper). An internal auditor might also make sure that any
funds borrowed by a company for a “green” project are only used for
that project, and not aggregated with normal business operations.
This is different from what an external auditor would do, because an
internal auditor works at the company they are examining. An
external auditor works for an auditing firm that audits many different
companies.
"Marc Naidoo Comments on 'Greenwashing' Risks in Internal Auditor
Magazine." European Union News 28 July 2022: NA. Business
Insights: Global. Web. 18 Aug. 2022.
http://bi.gale.com.ezproxy.snhu.edu/global/article/GALE
%7CA712021626?u=nhc_main
