In Australia sustainability reporting is voluntary. Companies which choose to prepare sustainability reports do so for a range of reasons. Companies are increasingly prepared to disclose additional information beyond that required by legislation. And now, it appears inevitable that COVID19 will have a permanent impact on the way businesses think and communicate about human, social and manufactured capital as well. These types of voluntary disclosures may include information about environmental actions, sustainability, employee initiatives and community impacts. Like financial reporting, there is a significant cost attached to the preparation and dissemination of these reports. It is likely, therefore, that companies provide this information because they believe that there may be long term benefits in doing so. Based on your group research, answer the following questions. 1. What are the financial reporting requirements by legislation? 2. Discuss the challenges for corporate reporting post COVID-19 3. What benefits companies would expect to reap from preparing sustainability reports 4. How has the accountancy profession evolved over the years? 5. Identify future required skills and areas of demand for our skills 6. Discuss what aspects of ethics and regulatory framework should be considered 7. Does the changing world of professional work need a new approach to accounting education? 8. What is your group opinion on the value of studying accounting?