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The Role of Accounting and Audit in Sustainable Development

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  • Petricică Vintilă Alis Elena

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Buboi Dănăilă Angelica

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The involvement of accountants and auditors in sustainable development has become more and more present in the literature specialised forums. Sustainability accounting works in the same direction with corporate practices and the evolution of best practices for financial standards. Accountants and auditors contribute to the standardization of uniform procedures for all the nations. Our study will present the responsibilities and work area of accountants and auditors in the economic sector for sustainability. The traditional role of accountants and auditors is evolving towards a more comprehensive spectrum that also includes a sustainability role. We considered the analysis of specialized literature to identify the involvement of sustainability in different fields, sustainability being a subject of interdisciplinary interest.. The current role of accountants and auditors in promoting sustainable development by examining actions set by accounting regulatory authorities and representatives of the accounting profession through a qualitative analysis. Our research aims to enrich the specialized literature in academic financial research. The actual case study will present the involvement of accountants and auditors in the area of sustainable development that desire to achieve the standards proposed by the UN. The importance of work performed by accountants and auditors for international businesses for sustainable development will be also presented. Although it is really important to keep in mind that the actual paper has boundaries that could provide new interesting opportunities for research areas.

Suggested Citation

  • Petricică Vintilă Alis Elena & Buboi Dănăilă Angelica, 2024. "The Role of Accounting and Audit in Sustainable Development," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 2154-2171.
    • Handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:2154-2171:n:1029
    DOI: 10.2478/picbe-2024-0181
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    References listed on IDEAS

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    1. Igor Álvarez Etxeberria & Eduardo Ortas & Stefan Schaltegger & Stefan Schaltegger & Igor Álvarez Etxeberria & Eduardo Ortas, 2017. "Innovating Corporate Accounting and Reporting for Sustainability – Attributes and Challenges," Sustainable Development, John Wiley & Sons, Ltd., vol. 25(2), pages 113-122, March.
    2. Güler Aras & David Crowther, 2008. "Developing sustainable reporting standards," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 9(1), pages 4-16, June.
    3. MaryAnn Reynolds & Kristi Yuthas, 2008. "Moral Discourse and Corporate Social Responsibility Reporting," Journal of Business Ethics, Springer, vol. 78(1), pages 47-64, March.
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