International Accounting and Reporting Issues

2011 Review

image of International Accounting and Reporting Issues
This volume contains a review of the main developments in the area of accounting and reporting during 2011, including the proceedings of the 28th session of ISAR, which was held at the Palais des Nations in Geneva from 12 to 14 October 2011. It contains discussion and analysis of a number of corporate reporting issues that policy-makers, regulators, standard-setters, private sector as well as public sector accountants, auditors, academia, and other interested readers will find useful for keeping up-to-date with developments in the corporate reporting arena, including financial and non-financial reporting.



Inventory of national and regional developments on climate change-related disclosure

Environmental reporting has been a subject of work for ISAR for a number of years. The Group of Experts addressed this subject, for example, in the publication Accounting and Financial Reporting for Environmental Costs and Liabilities (1999) and in A Manual for the Preparers and Users of Eco-efficiency Indicators (2003). Since ISAR began its work in this area, environmental reporting (and especially disclosure on climate change related emissions) has become increasingly important. At UNCTAD XII, United Nations Member States called on UNCTAD, through ISAR, to continue to contribute to the field of environmental reporting with a view to promoting a harmonized approach among Member States. Among the range of environmental issues that companies and communities face, reducing climate-change related emissions has been identified by United Nations Member States as a particularly urgent goal. As countries continue to work towards a new international agreement on climate change, corporate reporting on this subject remains important. The implementation of various policy options to curb climate change emissions will benefit from, or require, high quality reporting practices.


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