Since 2010, ISAR has been developing an Accounting Development Tool for high-quality corporate reporting. The findings of pilot tests of the tool and discussions of the findings at ISAR sessions reflected that countries require further guidance on building efficient mechanisms for the monitoring of compliance and enforcement. At the last meeting, ISAR therefore proposed to focus its deliberations during the thirty-first session on such mechanisms.

In preparation for the meeting a paper Key foundations for high-quality corporate reporting: Good practices of monitoring and enforcement, and compliance mechanisms has been made available to facilitate the discussions on this topic. It describes the key elements that need to be considered when building efficient monitoring and enforcement systems for companies, audit firms and professional accountants, highlights standards and guidance issued by international and regional bodies and selected national good practices and discusses the main challenges faced by countries in their efforts to establish efficient mechanisms for the monitoring of compliance and enforcement.

Please click for the following information on the UNCTAD website:

• Key foundations for high-quality corporate reporting: Good practices of monitoring and enforcement, and compliance mechanisms
• detailed agenda for the discussion of the points in the paper

Please note that the paper is also available in Spanish, Chinese, Russian, and Arabic. To access these versions, please go to the general homepage of the thirty-first ISAR meeting.