Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your text includes discussions on People, Planet and Profit. According to your text, sustainable business practices present numerous issues for management and managerial accountants. According

Your text includes discussions on "People, Planet and Profit". According to your text, "sustainable business practices present numerous issues for management and managerial accountants". According to Martin and Steele (2010, p.13), "The two principal professional associations in Australia - CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have indicated their awareness of the significance of issues of sustainability reporting and development of appropriate skill sets in word and in deed. The commitment of both organisations to sustainability principles has been shown by their adoption of, and support for, sustainability-focused reporting approaches and by their opting to take up membership of the Accounting for Sustainability Forum." REQUIRED: Discuss the stance and initiatives of the Australian accounting profession on corporate social responsibility (CSR) and sustainability. In your view, what role can the accounting profession play in this context? As an example, discuss the way in which BHP Billiton has demonstrated its social and environmental accountability. Please go to: https://www.bhp.com/-/media/documents/investors/annualreports/2018/bhpsustainabilityreport2018.pdf https://www.theguardian.com/environment/2018/nov/06/bhp-billiton-facing-5bn-lawsuitfrom-brazilian-victims-of-dam-disaster

http://www.smh.com.au/environment/bhp-mines-set-to-damage-lifegiving-swamps20100217-odzf.html http://www.abc.net.au/news/2013-01-07/an-radio-doco3a-ok-tedi/4455092

You may also refer to other media reports on BHP's environmental impact.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Financial Accounting For Business

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds

2nd Edition

1260575306, 978-1260575309

More Books

Students also viewed these Accounting questions