Other business - Accounting Development Tool implementation experiences

The Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting,

Recalling the mandate of UNCTAD in the Nairobi Maafikiano requesting UNCTAD to promote best practices in corporate transparency and accounting, including by utilizing the Accounting Development Tool,

Acknowledging the relevance and effectiveness of the Accounting Development Tool as a key capacity-building initiative to assess national accounting infrastructures and strengthen the enterprise-reporting environment at the country level,

Welcoming the feedback shared at the session by member States that applied the Accounting Development Tool,

1. Requests the UNCTAD secretariat to continue its efforts on the implementation of the Accounting Development Tool in interested countries with a view to assisting them in strengthening their regulatory, institutional and human capacity in an integrated and comprehensive manner and with a view to achieving high-quality financial reporting, as well as reporting on environmental, social and governance issues by enterprises;
    
2. Encourages the UNCTAD secretariat to continue its fundraising efforts to extend the implementation of the Accounting Development Tool to additional countries and to further raise awareness of the role of reporting in sustainable and inclusive growth;
    
3. 3. Calls upon the UNCTAD secretariat to monitor developments in the standard-setting arena that have implications for the Accounting Development Tool, with a view to updating the Tool in the coming years, as relevant.