unctad.org | Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, twenty-eight session
Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, twenty-eight session
10 - 14 October 2011
Room XVIII, Palais des Nations

Key Issues

More than 200 government authorities, regulators, standard-setters and academic representatives will meet at the 28th session of ISAR to discuss latest developments in the corporate reporting field.

The growing globalization of the world economy has prompted a proliferation of global standards and codes in the area of corporate reporting. Least developed countries are struggling to comply with international requirements in order to attain corporate transparency which is key for strengthening investors´ confidence and promoting flows of financial resources. Capacity-building activities are an essential component to improve countries positions in international markets and help them to attract investors.

During the session, UNCTAD will present a practical quantitative guidance tool to assist developing countries in identifying gaps in their accounting and reporting systems and priority areas for capacity-building and technical assistance in this area.

Based on international benchmarks and good national practices, the UNCTAD tool covers financial and non-financial aspects of corporate reporting, including environmental issues, corporate social responsibility, and corporate governance disclosure.

The tool benefited from findings and lessons learned from roundtables in a number of countries where it has been discussed with a wide range of stakeholders. It is challenging to build a common international denominator that encompasses the variety and complexity of corporate reporting national systems. It is also challenging to benchmark and measure progress towards harmonization over time.

Furthermore, latest developments on integrated reporting and climate change disclosure will be shared. An overview of research and surveys that UNCTAD conducted in various countries on corporate governance disclosure will also be presented.

On the eve of ISAR 28, a Technical Accounting Workshop on "Accounting and reporting for financial instruments and application for fair value measurement requirements" will be held at the Palais des Nations. During the workshop experts will present and discuss main provisions, changes and challenges associated with IFRS 13, Fair Value Measurement and IFRS 9, Financial Instruments: Measurement and recognition.

For more than 25 years, ISAR has been the focal point within the UN system for issues of corporate transparency and accounting. ISAR fulfils its objectives through an integrated programme of research, intergovernmental dialogue, consensus building and technical cooperation.



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The twenty-eighth session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) is scheduled to be held from 12 to 14 October 2011 and will commence at 10 a.m. on Wednesday, 12 October, in room XVIII of the Palais des Nations in Geneva.

As agreed by member States at the twenty-seventh session of ISAR, the topic proposed for the main agenda item at the twenty-eighth session is "Capacity-building framework for high-quality corporate reporting".

Under "other business", topics such as integrated reporting, corporate governance disclosure and environmental reporting will be discussed. The UNCTAD secretariat has prepared reports on these topics with a view to facilitating experts´ deliberations at the session. The provisional agenda and annotations and other documentation will be circulated in due course.

During the twenty-eighth session of ISAR, experts will deliberate on a capacity-building framework for high-quality corporate reporting and the discussions will focus on an assessment questionnaire and a related measurement methodology. The session will also provide participants with an opportunity to exchange views on assessing a country´s capacity for high-quality corporate reporting. In addition, several international and regional organizations engaged in the areas of financial reporting, auditing, corporate governance and corporate responsibility reporting will provide updates on their respective activities.

Member States of UNCTAD are requested to submit to the UNCTAD secretariat by 30 September 2011 the names of the experts participating in the session. It will be beneficial for member States to send experts who have the necessary background and responsibilities in the areas for discussion. Furthermore, in accordance with the outcome of the consultations on the review of the functioning of ISAR, the Trade and Development Board on 29 October 1999 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 wishing to participate in the session - as well as non-governmental organizations in the general category and those in the special category that wish to participate as observers - are requested to inform the UNCTAD secretariat of the names of their representatives by 30 September 2011.

Before entering the Palais des Nations, participants are requested to collect their badges at the United Nations Security Service, Pregny Gate entrance, 14 avenue de la Paix. The Security Service is open from 8 a.m. to 5 p.m. 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 meeting in the E Building (Bâtiment E) of the Palais. Participants are requested to carry a passport or similar national identity card. 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 United Nations Security Service grants special clearance.

Communications concerning representation at the session should be sent to the UNCTAD secretariat, Intergovernmental Support Service, Palais des Nations, CH-1211 Geneva 10; fax: +41 (0)22 917 02 14; e-mail: meetings@unctad.org.

Enquiries concerning substantive issues should be addressed to the Enterprise Development Branch, Palais des Nations, CH-1211 Geneva 10; tel: +41 22 917 5899; fax: +41 22 917 0122; e-mail: vanessa.mccarthy@unctad.org.


Supachai Panitchpakdi
Secretary-General of UNCTAD
5 August 2011


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