The role of disclosure in risk assessment and enhancing the usefulness of corporate reporting in decision-making

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

Considering that comparable, useful and reliable risk disclosures by companies provide an essential contribution to promoting an enabling investment climate, fostering well-informed decision-making processes and facilitating sound risk management,

Recognizing international trends in improving the state of company disclosure, including in the context, inter alia, of the Financial Stability Board and its Task Force on Climate-related Financial Disclosures,

1. Expresses its satisfaction for the breadth and depth of the discussions under the agenda item, as outlined in document TD/B/C.II/ISAR/82, prepared by the UNCTAD secretariat;
    
2. Requests the UNCTAD secretariat to continue to facilitate sharing of good practices and existing challenges in the area of risk disclosure, including its harmonization, in particular with a view to assisting developing countries and countries with economies in transition in their efforts on enhancing the role of disclosure in risk assessment and enhancing the usefulness of corporate reporting in decision-making.