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Abstract

Purpose: This study explores the challenges and opportunities associated with implementing Social and Environmental Accounting (SEA) in Small and Medium Enterprises (SMEs) in emerging markets and the impact of inconsistent global reporting standards on multinational companies.


Research Design and Methodology: The research employs a qualitative approach with a systematic literature review to analyze the existing studies on SEA, mainly focusing on SMEs in emerging markets. The study also examines the role of economic instability and regulatory gaps in shaping SEA practices.


Findings and Discussion: The findings reveal that SMEs in emerging markets face significant challenges in implementing SEA due to economic instability, limited resources, and inadequate regulatory support. On the other hand, multinational companies need more harmonized global reporting standards, which complicates the consistency and comparability of sustainability reporting across borders. The study highlights the need for tailored support mechanisms for SMEs and the importance of advocating for global reporting standardization.


Implications: The study's implications are twofold: it contributes to the academic discourse by addressing underexplored areas in SEA research and offers practical insights for policymakers and business leaders to enhance the adoption of SEA practices. The study also underscores the importance of developing consistent sustainability reporting frameworks to promote transparency and accountability in global business practices.

Keywords

Social and Environmental Accounting SMEs Emerging Markets Sustainability Reporting Global Standards

Article Details

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Wahyuni, W., Sumarni, S., Fadilah, N. F., & Nurhalizah, N. (2024). Integrating Sustainability into Accounting Practices: A Review of Social and Environmental Accounting. Advances in Applied Accounting Research, 2(3), 184–195. https://doi.org/10.60079/aaar.v2i3.350
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