ALIGNING INTERNATIONAL ACCOUNTING STANDARDS WITH GREEN ECONOMY INITIATIVES: A CRITICAL ANALYSIS

Abstrak

In facing the challenges of climate change and environmental sustainability, the green economy has emerged as a primary focus in global economic development. This research examines the integration between international accounting standards and green economy initiatives. We investigate how international accounting standards can be adjusted or expanded to reflect accounting practices that support the transition to a sustainable economy. Considering aspects such as environmental reporting, sustainable performance measurement, and disclosure of environmental aspects in financial reports, we explore the potential role of international accounting in promoting environmentally friendly business practices. The findings of this analysis provide insights into the necessary integration between international accounting and the green economy to support efforts towards sustainable economic development.