The Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting,
Welcoming further progress made by member States in different regions in implementing the UNCTAD Accounting Development Tool,
Commending the ongoing work conducted by the UNCTAD secretariat with a view to revising and updating the Accounting Development Tool,
Recognizing the usefulness of the Accounting Development Tool in effectively assessing national regulatory, institutional and human capacity foundations for high-quality reporting, the development of related action plans and capacity-building initiatives,
Insights from recent implementation of the Accounting Development Tool
- Requests the UNCTAD secretariat to continue to support member States in implementing the Accounting Development Tool;
Requests the UNCTAD secretariat to continue its support to member States, particularly developing countries, in building capacity for the implementation of financial and sustainability reporting requirements, including through technical cooperation projects, and invites donors in a position to do so to support the secretariat in this endeavour;
Forming an advisory panel to support the work of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting
- Requests the UNCTAD secretariat to continue to facilitate the establishment of a consultative group to provide advice on the composition of and terms of reference for a future advisory panel.