• 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

    Brazil: regulation and technology form basis for recovery

    Opportunities in the capital markets and the ever-growing influence of technology are expected to have a significant impact on the Brazilian accounting profession over the next 12 months, writes Paul Golden.

    read more

    Mentoring support and the opportunity to delegate

    Jon Lisby will be known to many from his former role as CEO of Kreston International. Here, he explains the background to his new venture, Global Alliance Advisory Services (GAAS), and how he aims to offer support to alliance CEOs.

    read more

    Global by name, global by nature

    Stephen Heathcote became chief executive officer of PrimeGlobal on 1 June 2019. Robin Amlôt met him to discuss the various new challenges that he has taken on, and his ambitions for the association.

    read more

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    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.