Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, thirty-fourth session

The session provided an opportunity for member States to discuss key trends in accounting and reporting, and challenges and ways to address them to facilitate high quality and international comparability of corporate reporting for the benefit of financial stability and risk mitigation, an enabling investment climate, and sustainable and inclusive growth.

In particular, it discussed and shared good practices on how corporate reporting can contribute to the implementation of the 2030 Agenda for Sustainable Development that has created a new demand on enterprise reporting as a means to assess and enhance the role of the private sector in achieving the Sustainable Development Goals.

In line with the agreed conclusions reached by member States at the thirty-third session of the Intergovernmental Working Group of Experts, the main agenda items for the thirty-fourth session were as follows:

• Enhancing comparability of sustainability reporting: Selection of core indicators for company reporting on the contribution towards the attainment of the Sustainable Development Goals

• The role of disclosures and risk disclosures in enhancing the usefulness of corporate reporting in decision-making