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October 18, 2010

Corporate reporting vital for world economy: ISAR

The Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) met in Geneva last week to discuss global corporate governance reforms and the critical importance of corporate and climate change reporting.

The key outcomes from the session include:

  • High-quality corporate reports are required to facilitate the mobilisation of domestic and international financial resources and to promote investors’ confidence;
  • Greenhouse gas emissions disclosure is necessary to improve climate change corporate reporting and to facilitate low-carbon policies; and,
  • Corporate governance disclosure is important for attracting investment and promoting stable growth as well as adding value for policymakers, investors and other stakeholders.

ISAR is an intergovernmental expert body focused on accounting issues and corporate transparency. It was created by the United Nations Economic and Social Council.

The United Nations Conference on Trade and Development hosts the annual ISAR session.

 

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