• Register
Return to: Home > News > Towards a sustainable future, Accountancy Europe unveils its proposals

Towards a sustainable future, Accountancy Europe unveils its proposals

Accountancy Europe has published its report 10 ideas to make corporate governance a driver of a sustainable economy. The report says corporate governance is instrumental to change how businesses are run and can be a main driver of a sustainable economy, adding that boards and policymakers/regulators are key players in this transformation.

With regard to the role of the accounting profession, the report says accountants play a key role at all stages of corporate governance. ‘Good business decisions start with reliable information. As businesses change their benchmarks for success, accountants contribute by: measuring impacts, disclosing information, and certifying what is reported’

Accountants, the report goes on to say, ‘make critical contributions to all stages of corporate governance’.

The report notes: “In business, accountants are found in various roles that are all key to effective corporate governance: CEOs, Chief Financial Officers, non=executive directors, audit committee members, as well as officers in accounting, reporting, internal control or tax functions.

“In an advisory capacity, accountants help business to e.g. obtain adequate financing, make strategic investment decisions, enhance business information systems, adapt to their competitive challenges and regulatory environment.

“As external auditors… they can offer an independent expert opinion e.g. on the process used to collect and analyse the data, on the reliability and exhaustivity of the data or on the way it is being interpreted, used and reported. With this information at hand, investors and other stakeholders can gain confidence that businesses make the right decisions to become sustainable.”

The report also highlights the accountancy profession’s growing expertise in the field of non-financial information, saying that accountants have ‘long-standing experience on how to help companies make the right changes to reduce their environmental footprint – and costs’.

In its conclusion the report says: “The accountancy profession provides its contribution to the policy debate but more importantly on the ground helping business adapt and transform to a sustainable model.”

Top Content

    South Africa: sensing new opportunities

    It has been an interesting couple of years for the profession in South Africa. A number of high-profile scandals have brought the profession and the role of auditors into sharp public focus, brewing a distrust towards accountants and a large expectations gap. Joe Pickard reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.