The briefing held on 14 March 2012 by ACCA and CSR Asia reviewed the social and environmental challenges that accompany the business opportunities arising from China's rapid development into the world's largest exporter and second largest importer. The report also highlights the importance of sustainability in China's economic growth and the role of professional accountants in promoting sustainable business practices. The ACCA, founded in 1904, aims to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. The organization values diversity, innovation, integrity and accountability, and works to develop capacity in the profession and encourage the adoption of consistent global standards.