Reference no: EM133003418

Study the conceptual work of accountability and use it to the accounting case. The conceptual work of Accountability: In an accountability relationship, the accountor is to give an account to the accountee on what the accountor did. If the accountor refuses to give an account or the account is not satisfactory, the accountor would be sanctioned by the acccountee. The accounting case: An entity provides environmental and social information (i.e., sustainability information) to stakeholders in four possible reporting forms: the routine online newsletter; the annual sustainability report; the official specific-theme report; casual communications via emails or phone calls.

Required:

Problem (1) Define the concept of stakeholder.

Problem (2) Are stakeholders the "accountor" or "accountee" in the environmental accounting setting? Why?

Problem (3) Identify reporting priority of the four forms of reports in this case (You can use 'more formal', 'formal', 'less formal', 'informal' to categorize accounts)