The Role of Expert Accountants in Ensuring Regulatory Compliance with Corporate Sustainability Reporting in the European Union

The Role of Expert Accountants in Ensuring Regulatory Compliance with Corporate Sustainability Reporting in the European Union

Number 10, October 2024  »  Sustainability and non-financial reporting

Associate Professor Liviu Marian Matac, PhD
Lecturer Florentina Pantazi, PhD
Paul-Tiberius Coman, PhD student
Maria Bolboceanu, PhD student
Bucharest University of Economic Studies

Abstract: The Corporate Sustainability Reporting Directive (CSRD) requires companies to integrate sustainability reporting with financial data, emphasizing the role of accountants. Accountants must ensure accurate and comprehensive financial statements, reflecting both financial and non-financial impacts. They need to stay updated with legislative changes and collaborate across departments to aggregate relevant data. Accountants will identify the financial impact of sustainability factors and prepare ESG metrics, critical for securing European funding. They will also help companies assess climate risks and ensure compliance with sustainability standards, positioning sustainability at the core of decision-making processes.
Classification JEL: Q56, Q58, Q59, M41, M49 | Pages: 2-6

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(Copyright foto: 123RF Stock Photo)

   



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