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Title: THE IMPACT OF SUSTAINABILITY ON ACCOUNTANCY PROFESSION
THE IMPACT OF SUSTAINABILITY ON ACCOUNTANCY PROFESSION

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Eleonora Stancheva-Todorova; Maria Nikolova
10.5593/sgem2024/5.1/s21.79
10.5593/sgem2024/5.1
1314-2704
978-619-7603-72-9
English
24
5.1
•    Prof. DSc. Oleksandr Trofymchuk, UKRAINE 
•    Prof. Dr. hab. oec. Baiba Rivza, LATVIA
Environmental Economics
The United Nations’ Sustainable Development Goals have recently challenged organizations to start consistent transformation in order to foster sustainability in future economy and society. One of the key enablers of this trаnsformation was the European Union’s Corporate Sustainability Reporting Directive, which amended non-financial reporting with sustainability reporting. As a result, the first global sustainability standards have been developed, which gave the accountancy profession a key role in helping organizations navigate through this new challenge. Sustainability reporting presents a great responsibility for professional accountants to create and communicate comprehensively and transparently the long-term value of organizations. Due to their genuine integrity, backed with ethical behavior and professional expertise, many believe that accountants are best positioned for that role. However, to be able to understand and quantify the environmental, social and corporate related risks, to identify materiality and to prepare quality disclosures for sustainability-related information, professional accountants need to develop their professional skillset. This paper aims at outlining the main effects of sustainability development over the accountancy profession and to highlight the new competences, needed in accountant’s professional profile through the lens of the new sustainability reporting framework. Main implication is that the new elaborate roles within the sustainable organization will enhance their skillset and will place new development opportunities in front of professional accountants. A combination of interpretive and critical scientific research methods has been applied to this study.
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https://doi.org/10.5593/sgem2024/5.1/s21.79
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Proceedings of 24th International Multidisciplinary Scientific GeoConference SGEM 2024
24th International Multidisciplinary Scientific GeoConference SGEM 2024, 1 - 7 July, 2024
Proceedings Paper
STEF92 Technology
International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, SGEM
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci and Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts and Letters; Acad Fine Arts Zagreb Croatia; Croatian Acad Sci and Arts; Acad Sci Moldova; Montenegrin Acad Sci and Arts; Georgian Acad Sci; Acad Fine Arts and Design Bratislava; Russian Acad Arts; Turkish Acad Sci.
641-648
1 - 7 July, 2024
website
10027
sustainability reporting, accountancy profession, competences

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