unctad.org | Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, twenty-second session
Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, twenty-second session
21 - 23 November 2005
Geneva

Key Issues

During the 22nd session of ISAR, experts will deliberate on the practical implementation issues of International Financial Reporting Standards (IFRSs) that many enterprises around the world have adopted as their reporting basis.

The session will provide participants with an opportunity to exchange views and draw lessons from their respective experiences. Experts will also deliberate on an approach to enhancing the comparability and relevance of corporate responsibility indicators with a view to contributing towards improving corporate responsibility reporting without imposing an undue burden on reporting entities. Participants will further have the opportunity to review draft guidance on corporate governance disclosures, which were updated in light of recent developments in the area of disclosures.

Several international and regional organizations engaged in the areas of financial reporting, auditing, corporate governance and corporate responsibility will also provide updates on their respective activities.

Agenda

Notification

The twenty-second session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) is scheduled to be held from 21 to 23 November 2005, at the Palais des Nations in Geneva, and will commence at 10:00 a.m. on Monday, 21 November 2005.

In accordance with the agreement reached by member States at the twenty-first session of ISAR, the topics proposed for the main agenda items at the twenty-second session are "Review of practical implementation issues of International Financial Reporting Standards" and "Comparability and relevance of existing indicators on corporate responsibility". The provisional agenda proposed for the twenty-second session, including the topics above, was approved by the ninth session of the Commission on Investment, Technology and Related Financial Issues. Accordingly, the UNCTAD secretariat has conducted work on both main agenda items, and during this session, experts will deliberate on the secretariat´s reports on these topics. The provisional agenda, together with the secretariat´s annotations thereto, will be circulated as document TD/B/COM.2/ISAR/27. The secretariat´s reports on the two main agenda items will be circulated as documents TD/B/COM.2/ISAR/28 and 29. In addition, a report with the title "Guidance on good practices in corporate governance disclosure" will be circulated as document TD/B/COM.2/ISAR/30.

Member States of UNCTAD are requested to submit to the UNCTAD secretariat by 31 October 2005, at the latest, the names of the experts who will participate in the session. As mentioned above, the main agenda items of the twenty-second session will deal with practical implementation issues of International Financial Reporting Standards, corporate responsibility indicators in annual reports, and good practices in corporate governance disclosures. Accordingly, it will be beneficial for member States to send experts who have the necessary background and responsibilities in these areas. Furthermore, in accordance with the outcome of the consultations on the review of the functioning of ISAR, on 29 October 1999, the Trade and Development Board called for greater participation by experts from all Members States of UNCTAD in the work of ISAR.

United Nations bodies and programmes, specialized agencies, and intergovernmental bodies, should they wish to participate in the session, as well as non-governmental organizations in the general category and those in the special category which wish to participate as observers, are requested to inform UNCTAD secretariat of the names of their representatives by the same date.

Upon arrival, participants are requested, before entering the Palais des Nations, to collect their badge at the UN Security Service, Villa Les Feuillantines, 13 Avenue de la Paix (close to the main entrance to the Palais at the Place des Nations, on the opposite side of the road). The Security Service is open from 8 a.m. to 5 p.m. (non-stop). Because of the security measures in force, participants are strongly advised to arrive before 8.30 a.m. in order to complete procedures and reach the Meeting in good time. Walking from Villa Les Feuillantines to the E-Building (Bâtiment E) of the Palais takes about 10 minutes. Participants are requested to carry a passport or similar national identity card with them. Taxis are not allowed to enter the grounds of the Palais des Nations, and visitors will therefore be dropped off at the requested entrance gates. Furthermore, luggage may not be brought into the buildings unless the Security Service gives special clearance.

Nominations and related communications concerning representation at the session should be sent to the UNCTAD secretariat, Intergovernmental Affairs and Outreach Service, Palais des Nations, CH-1211 Geneva 10; fax: + 41(0) 22 917 0056; e-mail: correspondence@unctad.org.

All other enquiries should be addressed to the co-ordinator in the substantive division, tel.: +41(0)22 917 1648, e-mail: isar@unctad.org.

(p.p. signed)

Supachai Panitchpakdi
Secretary-General of UNCTAD
28 September 2005


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