Romania’s Circular Economy Strategy, Challenges for the Accountancy Profession

Elena Stănciulescu, Mihai Vuță and Maria Teodora Vuță
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Elena Stănciulescu: Bucharest
Mihai Vuță: Bucharest University of Economic Studies
Maria Teodora Vuță: Bucharest University of Economic Studies

CECCAR Business Review, 2024, vol. 5, issue 10, 18-27

Abstract: Climate change, the need to adopt a sustainable lifestyle, social responsibility are no longer matters that can be ignored by a company. Each of us must contribute to the transition to a circular economy. In order to reconsider production and consumption models, we should know the significant impact that the main economic sectors of Romania have on the environment. Circular thinking has implications on the application of accounting and financial principles, so that professional accountants should be able to evaluate decisions beyond the financial value generated by financial statements.

Keywords: circular economy; environment; professional accountant; digitalisation (search for similar items in EconPapers)
JEL-codes: M41 M49 Q01 Q55 Q56 Q57 Q58 Q59 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:5:y:2024:i:10:p:18-27

DOI: 10.37945/cbr.2024.10.03

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