C3.4.7 Accounting Principles


The principles provide the basis for understanding an organisation’s sustainability performance. Sustainability performance refers to an organisation’s total performance, which might include its policies, decisions, and actions that create social, environmental and economic outcomes.

The principles are not applied in isolation. They are interdependent. Their application is iterative. You do not ‘complete’ the application of completeness before you can address materiality; and you need to determine materiality before you address responsiveness.