Sunday, May 30, 2010

IASB and CbC reporting: new discussions

The International Accounting Standards Board circulated a paper on the future of accounting in the Extractive Industries (that is, industries that produce oil or other minerals) in April.

Richard Murphy has written a detailed response here. It would be useful to marshal as many submissions as possible on this crucial issue. Please follow this link for more details. He will be blogging a lot on country-by-country (CbC) reporting; his blog has a dedicated CbC link is here. (If you forget the location of the relevant links, you can always find them on our permanent A-Z archive, which can be found in the right hand column of our website.)

Complementing this is a most useful recent briefing sheet: Who are the users of accounts?

And there is another briefing sheet, outlining the Benefits of Country-by-Country Reporting.

See also the 11 steps to financial transparency.


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