In most countries and business environments, sustainability reporting must adhere to generally accepted accounting principles.

Question

​In most countries and business environments, sustainability reporting must adhere to generally accepted accounting principles.

Quizplus · Accepted Answer

While sustainability reporting may follow accounting principles, it does not necessarily have to adhere to Generally Accepted Accounting Principles (GAAP) in most countries and business environments. However, there may be sustainability reporting standards or guidelines set by organizations such as the Global Reporting Initiative (GRI) or the International Integrated Reporting Council (IIRC) that could apply.

​In Most Countries and Business Environments, Sustainability Reporting Must Adhere

In Most Countries and Business Environments, Sustainability Reporting Must Adhere