3. Traditional accounting is a business discipline that aims to provide decision makers with factual information. Today, it is expected that business entities will exercise good governance, conduct their business in a transparent and responsible manner, and be responsible for the way they conduct their business. They are also expected to go beyond disclosing financial success, where public information about how companies manage their business in the light of sustainable development is increasingly in demand. Required: Discuss the factors leading to this transition (company reporting) and consider the evolving position of accountants in view of the change in the reporting of the company. You may refer to any relevant journal articles, news and reports to support your answer and justifications. (25 marks) [Total: 25 marks]