The Role of Expert Accountants in Ensuring Regulatory Compliance with Corporate Sustainability Reporting in the European Union
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. The...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
The Body of Expert and Licensed Accountants of Romania
2024-11-01
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| Series: | CECCAR Business Review |
| Subjects: | |
| Online Access: |
https://www.ceccarbusinessreview.ro/the-role-of-expert-accountants-in-ensuring-regulatory-compliance-with-corporate-sustainability-reporting-in-the-european-union-a423d/download-PDF/
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| Summary: | 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. |
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| ISSN: | 2668-8921 |