The Evolution of Sustainability Reporting and Challenges of Financial Auditors
Author:
Ovidiu-Constantin BUNGET, Alin-Constantin DUMITRESCU, Oana BEZERGHEANU, Oana BOGDAN, Valentin BURCA
JEL:
M14, Q56, M41, G38
DOI:
10.20869/AUDITF/2026/181/002
Keywords:
ESG; sustainability reporting; Romania; BSE; CSRD; EU Taxonomy;
Abstract:
This study examines the evolution of sustainability reporting in the Romanian energy sector, based on the reports of two major operators for the period 2011-2024. A mixed-methodology approach was employed, which included the analysis of lexical frequencies, a comparative evaluation of the structure and content of sustainability reports before and after the COVID-19 pandemic, and a SWOT matrix of the challenges faced by non-financial auditors. The results highlight the transition from voluntary reports, focused on quantitative data and narrative descriptions, to mandatory, integrated reports subject to a formal assurance process, with increased transparency requirements and the implementation of a rigorous methodological framework. The SWOT analysis highlights the disciplinary robustness of traditional financial auditing, as well as the gaps generated by the absence of a common language and insufficient expertise in the field of ESG (environmental, social, and governance), and the potential offered by digitalization and interdisciplinary training programs.
Abstract(271KB)
Article(1136KB)