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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Liviu Marian MATAC & Florentina PANTAZI & Paul-Tiberius COMAN & Maria BOLBOCEANU, 2024. "The Role of Expert Accountants in Ensuring Regulatory Compliance with Corporate Sustainability Reporting in the European Union," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 5(10), pages 2-6, October.
    • Handle: RePEc:ahd:journl:v:5:y:2024:i:10:p:2-6
    DOI: 10.37945/cbr.2024.10.01
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    More about this item

    Keywords

    sustainability; reporting; expert accountant; stakeholders;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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