The accounting profession has generally been proactive in generating social-reporting frameworks and regulating the associated reporting.

Question

Quizplus · Accepted Answer

The accounting profession has been criticized for being reactive rather than proactive in developing social-reporting frameworks and regulating associated reporting. Historically, these initiatives have often been driven by external pressures or after significant social or environmental issues have arisen, rather than the accounting profession leading the way in these areas.

The Accounting Profession Has Generally Been Proactive in Generating Social-Reporting