▁a ▁relative ▁lack ▁of ▁norm ative / ph il osoph ical ▁work ▁within ▁account ing ▁during ▁this ▁period : ▁environmental ▁account ing ▁has ▁not ▁been ▁rev ived ▁since ▁the ▁models ▁of ▁the ▁ 1 9 7 0 s ▁and ▁has ▁failed ▁to ▁adapt ▁to ▁the ▁discuss ions ▁about ▁the ▁valu ation ▁of ▁external ities . ▁S ust ain ability ▁and ▁the ▁discussion ▁of ▁the ▁role ▁of ▁management ▁account ing ▁in ▁assist ing ▁with ▁sust ain able ▁development ▁have ▁become ▁of ▁growing ▁interest . ▁▁ 1 9 9 5 – present ▁The ▁convergence ▁of ▁global ▁capital ▁mark ets ▁and ▁the ▁emer gence ▁of ▁global ▁and ▁regional ▁quality ▁control ▁issues ▁– ▁cul min ating ▁for ▁the ▁account ing ▁profession ▁in ▁the ▁Asian ▁financial ▁crisis ▁in ▁ 1 9 9 7 – 1 9 9 8 ▁as ▁well ▁the ▁collapse ▁of ▁En ron ▁in ▁ 2 0 0 1 ▁– ▁led ▁to ▁a ▁subsequent ▁high - level ▁focus ▁on ▁international ▁and ▁national ▁account ing . ▁The ▁account ing ▁literature ▁has ▁demonstrated ▁a ▁considerable ▁increase ▁in ▁concern ▁for ▁the ▁issues ▁of ▁sust ain able ▁development ▁and ▁account ing . ▁Via ▁the ▁expl oration ▁of ▁what ▁sust ain ability ▁account ing ▁may ▁ent ail , ▁the ▁account ing ▁profession ▁is ▁likely ▁to ▁be ▁involved ▁in ▁re - ex am ining ▁account ing ▁fund ament als ▁in ▁the ▁light ▁of ▁the ▁challenge ▁of ▁sust ain able ▁development . ▁Several ▁propos als ▁and ▁significant ▁statistical ▁work ▁as ▁well ▁as ▁a ▁growing ▁body ▁of ▁measurement ▁on ▁account ing ▁for ▁sust ain