Joint study by ISCA, EY, SMU and SAC
Title of Project:
Sustainability - Jobs and Skills for the Accountancy Profession
Industry Partners:
Faculty Collaborators:
- Dr Wang Jiwei, Associate Professor of Accounting (Practice)
- Dr Holly Yang, Associate Professor of Accounting
- Dr Zhang Liandong, Professor of Accounting
Synopsis and Research Findings
Sustainability is a megatrend offering new opportunities and jobs for the accountancy sector. This study found three key trends
n sustainability that will expand the current job roles and skills required for accounting and finance professionals. The three key trends are: 1) decarbonisation of the environment, 2) more companies participating in sustainability reporting, and 3) the expansion of green finance. Given these sustainability trends, accounting and finance professionals must be equipped with sustainability and sustainability-related knowledge and skills to meet the increasing demands in these three areas.
The study also found that preparers and assurance service providers would see an expansion in their roles in areas such as carbon accounting, sustainability risk management, and more. In addition, the study identified the Chief Finance & Sustainability Officer (CFSO) as an emerging C-Suite position to oversee the integration of finance and sustainability into business strategy. Accounting and finance professionals, with their financial expertise, are in an advantageous position to helm the emerging role of the CFSO.
Please click here to download the full report.