ENVIRONMENTAL FINANCIAL ACCOUNTING AND REPORTING AT THE CORPORATE LEVEL

Discussion Paper on the Financial Reporting and Auditing Aspects of Corporate Governance. European Federation of Accountants.

TD B COM.2 ISAR 2 Environmental Financial Accounting and Reporting at the Corporate Level report by the UNCTAD secretariat

In most circumstances, the financial reporting standards required for corporate reporting are contained in the generally accepted accounting principles recognized in the country where the entity is domiciled.

Corporate Governance Principles for Annual Reporting in the Commonwealth.

Financial accounting reporting

Financial accounting and reporting

improving the credibility of corporate environmental reporting activities by formalizing the external attestation process.

(a) Improved financial information reporting.

Environmental Issues in Financial Reporting.

3. Accounts and financial reporting

1. Accounts and financial reporting

Improved financial controls and reporting systems.

Environmental Issues in Financial Reporting. London.

V. Accounting and financial reporting issues

The chairperson further reported on round tables, workshops, publications and liaison work that the secretariat had undertaken during the reporting period, including the secretariat's participation in recent and forthcoming regional and international events dealing with financial reporting, corporate governance and transparency matters.

Moreover, Australia had a strong corporate and financial services regulatory regime.

UNDP intends to leverage its investment in corporate initiatives such as its Enterprise Resource Planning (Atlas system) to progressively link financial resources to defined outcomes for results based reporting within the RBM framework.

1. Accounts and financial reporting Operational results

Identification of beneficial owners of accounts, corporate bodies and other financial assets

Some codes specifically require financial literacy (e.g. the National Association of Corporate Directors in the United States) or knowledge of business and financial technology (e.g. the Brazilian Institute of Corporate Governance).

The Bank also supports UNCTAD s work on environmental aspects of corporate financial accounting.

B. Limits of the conventional financial reporting model

1. Accounts and financial reporting . 10 20 103

Pilot joint financial management and procurement assessments, and joint programmatic and financial reporting

Chapter I of the secretariat s report on this item, entitled Environmental financial accounting and reporting at the corporate level (TD B COM.2 ISAR 2) is a synthesis of best practices which emerged from the review.

Table 28B.13 Resource requirements financial accounting and reporting

Initiative Update accounting policies and improve financial reporting disclosures

Environmental Costs and Liabilities Accounting and Financial Reporting Issues.

Note 3. Financial reporting by agencies and supporting organizations

to explore the limitations of the conventional financial reporting model as a vehicle for reporting environmental data

68. The conventional model of financial reporting minimizes the role given to non financial data.

B. Limits of the conventional financial reporting model 65 68

more use could be made of the sort of segmental reporting techniques used for consolidated financial reporting purposes

For example ISO 14064 on Greenhouse gases, US DOE 1605(b) on General Guidelines for Voluntary Greenhouse Gas Reporting, WRI WBCSD on The Greenhouse Gas Protocol A Corporate Accounting and Reporting Standard.

Cadbury Commission (1992). Report of the Committee on the Financial Aspects of Corporate Governance (Cadbury Report).

Financial statement on the draft resolution entitled Strengthening reporting on crime

Environmental Reporting and the Financial Sector An Approach to Good Practice.

Note 2. Summary of significant accounting and financial reporting policies of

In its Agreed Conclusions the Group recommended that the report entitled Transparency and Disclosure Requirements for Corporate Governance be updated and that an annual study to assess the state of reporting on corporate governance be undertaken.

To do so, legal, employment, financial and fiscal frameworks have been further amended to accommodate corporate objectives.

The quality of financial disclosure could be undermined when consolidation requirements on financial reporting are not followed appropriately.

66. The conventional model of financial accounting and reporting is one which emphasizes the importance of financial performance.

To complement UNCTAD's work on corporate governance in the context of the Intergovernmental Group of Experts on International Standards of Accounting and Reporting.

The organization's integrated corporate system (the Programme Manager System ProMs and SAP) was further enhanced to provide more timely and accurate information, with the reporting tools refined to allow for improved reporting on the MTSP.