Accounting – A technical, social and moral practice?

Accounting has traditionally been confined to recording and reporting on the historical, economic transactions undertaken by entities. The world, however, no longer simply values an organisation’s financial rewards to investors, or the efficiency with which resources are used to provide services to citizens. There is a growing need for an understanding of how organisations are exposed to environmental and other risks, how organisations themselves impact the environment, and importantly, whether organisations operate ethically.

Is it time to change how we think about accounting, accountants, and their broader contribution to society? Read more: Redefining Accounting for Tomorrow | IFAC