IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 9 NO. 9 2023
DOI: https://doi.org/10.56201/ijssmr.v9.no9.2023.pg163.188

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Social and Environmental Responsibility in Accounting: Beyond Financial Metrics

Akpan, James U., and Oluwagbade, Oluyinka I.

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Abstract

This exploratory research study is motivated by the evolving role of accountants in contemporary business environments. It seeks to investigate the expanding responsibilities of accountants beyond traditional financial metrics to address social and environmental issues, driven by shifting societal expectations and the imperative for organizations to embrace sustainability and responsible business practices. Historically, accountants have been primarily concerned with financial transactions and economic performance, but the global business landscape's transformation demands a broader perspective. The pressing issues of climate change, social inequality, and corporate misconduct have highlighted the need for accounting professionals to engage with ethical considerations, sustainability reporting, and the integration of non-financial metrics into decision-making. The primary objective of this study is to comprehensively explore the expanding role of accountants in addressing social and environmental responsibility in accounting. It aims to analyze the ethical dimensions, sustainability reporting practices, corporate social responsibility, and the integration of non-financial metrics into the decision-making processes of organizations. To achieve this objective, the study employs a qualitative research design, incorporating case studies to provide in-depth insights into real-world practices. Data collection methods include literature review, document analysis, and interviews with accounting professionals. Data analysis techniques involve thematic analysis to identify patterns, themes, and key findings. The research reveals several key findings. Accountants are now expected to go beyond their traditional roles as record-keepers and financial gatekeepers. Ethical considerations have become integral to accounting practices, impacting transparency and reporting st

keywords:

Accounting Ethics, Sustainability Reporting, Corporate Social Responsibility (CSR), Non-Financial Metrics, Ethical Considerations, Integrated Reporting, Accountants' Role

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References:

Adams, C. A. (2017). The International Integrated Reporting Council: A story of failure. Critical
Perspectives on Accounting, 43, 4-13.
Adams, C. A. (2017). The International Integrated Reporting Council: A call to action. Critical
Perspectives on Accounting, 45, 19-26.


Bebbington, J., Unerman, J., & O'Dwyer, B. (2017). Sustainability accounting and accountability.
Routledge.

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