International Accounting and Reporting Issues

2005 Review

image of International Accounting and Reporting Issues

This volume of the Review contains the proceedings of the twenty-second session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR), during this session, the Group of Experts deliberated on two main agenda items: the review of practical implementation issues of International Financial Reporting Standards and the comparability and relevance of existing indicators on corporate responsibility.



Guidance on corporate responsibility indicators in annual reports

The Chair introduced the agenda item before giving the floor to a resource person to present the topic in more detail. Background was provided on ISAR activities in the area of corporate responsibility (CR) reporting. The resource person also clarified and discussed distinctions between CR and corporate governance, and distinctions between shareholders and stakeholders, with reference to the conference room paper "User's of Corporate Responsibility Reporting and Their Information Needs" (TD/B/COM.2/ISAR/CRP.2). She also explained that the scope of this work does not include environmental issues as those were covered by ISAR in previous years and culminated UNCTAD-ISAR issuing guidance on accounting and financial reporting for environmental costs and liabilities as well as a users and preparers manual on eco-efficiency indicators.


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