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

Liviu Marian Matac, Florentina Pantazi, Paul-Tiberius Coman and Maria Bolboceanu
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Liviu Marian Matac: Bucharest University of Economic Studies
Florentina Pantazi: Bucharest University of Economic Studies
Paul-Tiberius Coman: Bucharest University of Economic Studies
Maria Bolboceanu: Bucharest University of Economic Studies

CECCAR Business Review, 2024, vol. 5, issue 10, 2-6

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.

Keywords: sustainability; reporting; expert accountant; stakeholders (search for similar items in EconPapers)
JEL-codes: M41 M49 Q56 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:2-6

DOI: 10.37945/cbr.2024.10.01

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