ИЗАЗОВИ ИЗВЈЕШТАВАЊА О ОДРЖИВОСТИ У КОНТЕКСТУ ОМНИБУС ПАКЕТА
ACCOUNTING INFORMATION AS AN INSTRUMENT OF REGULATORY CONTROL OF MONEY LAUNDERING THROUGH CRYPTOCURRENCIES

Author(s): Josipa Grbavac
Subject(s): Business Economy / Management, Financial Markets, Accounting - Business Administration, ICT Information and Communications Technologies, Business Ethics
Published by: Savez računovođa i revizora Republike Srpske
Keywords: sustainability reporting; simplification of reporting; Omnibus package; Voluntary VSME (Very Small and Medium Enterprises);
Summary/Abstract: This paper analyzes the challenges of sustainability reporting in the European Union,with a particular focus on the 2025 Omnibus package. The regulatory frameworkhas evolved from the Non-Financial Reporting Directive (NFRD, 2014), through theCorporate Sustainability Reporting Directive (CSRD, 2022), which introduced mandatorystandards (ESRS), the concept of double materiality, and audit requirements, to the recentsimplifications brought by the Omnibus package. The new framework limits obligationsto the largest companies (>1,000 employees), while small and medium-sized enterprisesare offered a voluntary VSME standard. As a result, the number of reporting entities isreduced by approximately 80%, and implementation deadlines are postponed. OmnibusII, combined with the Clean Industrial Deal strategy, aims to increase investments inthe green and digital transition. The paper places special emphasis on Bosnia andHerzegovina, where the largest companies remain carriers of transparency, while SMEsgain a more flexible framework for integration into European value chains. However,reduced reporting scope may limit ESG data availability and affect market attractiveness.Keywords: sustainability reporting, simplification of reporting, Omnibus package,Voluntary VSME (Very Small and Medium Enterprises)

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