Actual problems of innovative economy and law

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Professional responsibility of accountants in the application of international accounting and reporting standards in the context of sustainable development.

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УДК 657:37

DOI: https://doi.org/10.36887/2524-0455-2025-4-9

Kryukova Irina Oleksandrivna,
Doctor of Economic Sciences, Professor, Head of the Department of Education and Training,
Odessa State Agrarian University,
https://orcid.org/0000-0002-0577-6364
Rudenko Serhii,
Candidate of Economics, Associate Professor, Associate Professor of Department of Accounting, Audit and Taxation,
State Biotechnological University,
https://orcid.org/0000-0002-2874-1957
Nakisko Oleksandr,
Candidate of Economics, Associate Professor,
State Biotechnological University,
https://orcid.org/0000-0003-3789-2455
Moroz Anton,
PhD student,
Petro Mohyla Black Sea National University,
https://orcid.org/0009-0000-6945-0745
Feklistov Oleksandr,
Master of Science in Information and Measurement Technologies,
Kharkiv National University of Radio Electronics,
https://orcid.org/0009-0004-1927-2900

The intensification of Ukraine’s integration processes into the European and global space necessitates the transition of Ukrainian companies to International Financial Reporting Standards (IFRS). This complex and prolonged process is further complicated by the demands of sustainable development, a concept that has become defining for Ukraine, as it is for all EU countries. These trends necessitate an increased role and professional responsibility for accountants, who are becoming leading participants in business management processes. The article is dedicated to researching the changes and requirements that accounting staff face when applying international accounting and reporting standards. Attention is paid to the challenges for accountants posed by the principles of sustainable development, which necessitate appropriate reflection in accounting and corporate reporting. Key among these requirements is the reflection, through accounting and reporting, of the risks associated with the business transition to sustainable development principles. Four main stages were proposed to disclose the methodological basis for the sequence of reflecting information about sustainable development risks in an enterprise’s reporting. The use of international standards necessitates accounting professionals acquiring new knowledge and competencies. The professional scope of accountants is being supplemented with new types of work, accompanied by an increased level of professional responsibility to all company stakeholders. In terms of environmental accounting, these new types of work may include the following: accounting for carbon emissions and tracking their volumes, financial planning for company decarbonization, analysis of climate scenarios and corresponding risks, and developing pricing and other business growth strategies based on sustainable development principles. Accounting staff must redirect their efforts and acquire new expertise in the fields of climate neutrality, sustainable development, and business ESG responsibility. These very skills are an element of a company’s strategic leadership and competitiveness. Under current and immediate future conditions, accountants are becoming leading specialists in business management and bear key responsibility for the processes and results of implementing international accounting and reporting standards.

Keywords: standards, reporting, business, responsibility, profession, sustainable development, risks, stakeholders.

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The article was received 23.08.2025

Quote article, APA style

Kryukova I. , Rudenko S. , Nakisko O. , Moroz A. , Feklistov O. 23.08.2025 . Professional responsibility of accountants in the application of international accounting and reporting standards in the context of sustainable development.. Actual problems of innovative economy and law. 2025. №4. 37-41 pp. https://doi.org/10.36887/2524-0455-2025-4-9

Quote article, MLA style

Kryukova I. , Rudenko S. , Nakisko O. , Moroz A. , Feklistov O. Professional responsibility of accountants in the application of international accounting and reporting standards in the context of sustainable development.. Actual problems of innovative economy and law. 23.08.2025 . https://doi.org/10.36887/2524-0455-2025-4-9