Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, twenty-third session
10 - 12 October 2006

Key Issues

The twenty-third session of ISAR will deliberate on two main agenda items:

  1. Review of practical implementation issues of International Financial Reporting Standards (IFRS); and

  2. Comparability and relevance of existing indicators on corporate responsibility.

The deliberations on IFRS will include a panel discussion on the accounting and financial reporting needs of small and medium-sized enterprises (SMEs).

Other topics to be addressed include:

  • the annual survey of corporate governance disclosure;
  • a new survey on corporate responsibility reporting; and
  • updates by regional and international organizations on their respective activities.

Confirmed speakers include experts from the European Commission, the International Accounting Standards Board and the International Federation of Accountants.


Investment and Enterprise Competitiveness Branch
Fax.: + 41(22) 917 0122

Quick Links: | ISAR Website | Technical Workshop on IFRS, 9 October 2006 |



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The twenty-third session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) is scheduled to be held from 10 to 12 October 2006, at the Palais des Nations in Geneva, and will commence at 10 a.m. on Tuesday, 10 October 2006.

In accordance with the agreement reached by member States at the twenty-second session of ISAR, the topics proposed for the main agenda items at the twenty-third 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 for the twenty-third session, including the topics above, was approved at the tenth session of the Commission on Investment, Technology and Related Financial Issues. The UNCTAD secretariat has conducted work on both main agenda items, and during this session, experts will deliberate on the secretariat´s reports. The provisional agenda, together with the secretariat´s annotations thereto, will be circulated as document TD/B/COM.2/ISAR/32. The secretariat´s reports on the two main agenda items will be circulated as documents TD/B/COM.2/ISAR/33 (and addenda 1-5) and TD/B/COM.2/ISAR/34, respectively.

During the twenty-third session of ISAR, experts will review country case studies on the practical implementation of International Financial Reporting Standards (IFRSs). It is to be recalled that in 2005 an unprecedented number of enterprises around the world adopted IFRS as the basis for preparing their financial statements. The session will provide participants with an opportunity to exchange views and draw lessons learned from their respective experiences. Experts will also deliberate on a draft guidance on enhancing the comparability and relevance of indicators of positive corporate contributions to social and economic development in annual reports, with a view to contributing towards improving corporate reporting in these areas without imposing an undue burden on reporting entities. Results of surveys on corporate governance disclosures and corporate responsibility reporting will be discussed during the "other business" segment of this session´s agenda. Furthermore, during the twenty-third session, several international and regional organizations engaged in the areas of financial reporting, auditing, corporate governance and corporate responsibility will provide updates on their respective activities.

Member States of UNCTAD are requested to submit to the UNCTAD secretariat by 15 September 2006 at the latest the names of the experts who will participate in the session. As noted above, the main agenda items of the twenty-third session will deal with practical implementation issues of International Financial Reporting Standards and indicators of positive corporate contributions to social and economic development in annual reports. It will therefore be beneficial for member States to send experts who have the necessary background and responsibilities in these areas. Furthermore, in 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 member 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 the 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 badges at the UN Security Service, Pregny Gate entrance, 14 Avenue de la Paix. 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 9 a.m. in order to complete entry procedures in good time and proceed to the session in the E-Building (Bâtiment E) of the Palais. 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 02 14; e-mail:

Enquiries concerning substantive issues should be addressed to the Investment and Enterprise Competitiveness Branch, the coordinator of the session, office E.9082, Palais des Nations, CH-1211 Geneva 10; tel: +41 (0) 22 917 1730, fax: +41 (0) 22 917 0122, e-mail:

Supachai Panitchpakdi
Secretary-General of UNCTAD
31 July 2006


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Charlie Hebdo