The role of the accountancy profession can play a role in shaping a better world for the future.
These are turbulent times, with the tragedy unfolding in Ukraine remining us that peace and security are precious commodities. The devastating humanitarian crisis and fall out from the conflict heightens the challenges the global economy was already facing from the Covid-19 pandemic.
Yet whilst no one profession can solve for all the challenges global society faces, they can each play their part and contribute to helping make the world a better place for the future in different ways.
ACCA (the Association of Chartered Certified Accountants) has released a new report providing an overview of the contribution the profession could make in transforming the world for the better. It identifies seven core areas of focus, as well as sharing case studies and stories - bringing to life why the accountancy profession matters, and why it remains integral in helping economies and wider society to advance in the future.
·
Building resilient
economies
for the future including the role of accountancy in emerging economies,
capacity building, driving financial literacy and helping address corruption.
·
Developing the talent
of tomorrow helping cultivate a new generation with financial skills
in the workplace, delivering world class business and financial education and
contributing to diversity and equality.
·
Driving sustainable
business
with professional accountants in whatever role they perform as being essential
in helping organisations create long term value and delivering accountability
and transparency across business.
·
Advancing standards
and regulation – the role the profession plays in future regulatory
reform, working to develop regulation and standards that are the bedrock of
trust in capital markets and that help the world respond to major societal and
environmental challenges.
·
Transforming the public
sector
– accountancy at the centre of public sector change, helping deliver the right
sorts of policy and spending decisions and transforming public financial
management to create a more digital, green and inclusive future across global
society.
·
Supporting
entrepreneurial growth with accountancy as a foundational pillar at
the heart of the future entrepreneurial economy, with smaller accountancy firms
as the trusted advisers offering innovative and technology-led services to
support local business growth.
· Strengthening ethics and trust with the profession helping restore and strengthen trust in business, government and other institutions. Serving the public interest and driving enhanced corporate governance standards to increase stakeholder confidence in organisations.
ACCA’s chief executive, Helen Brand, says:
‘In these difficult times, this report looks ahead and considers the priorities facing the accountancy profession in helping create a better tomorrow. By sharing stories and examples across the profession, we also seek to strike a cautious yet prevailing note of hope for the future, showcasing the role of accountancy, and the positive contribution accountants can make in forging a new path to a better destination for global society’.
Jamie Lyon, report
author and Head of Business Management at ACCA says “
We have a
responsibility to future generations to ensure they inherit a better world. As
this report demonstrates, the accountancy profession can play a vital role in
this, helping deliver a more equitable, green and inclusive world for the
future”.
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