A Global Forum for Accountancy Debates1

This paper reports on the annual meeting in 2007 of the United Nations Intergovernmental Group of Experts on International Standards of Accounting and Reporting (UN-ISAR). The main item was a continuing discussion of the application of IFRS in a number of countries where further case studies had been done. The meeting also debated the IASB exposure draft on SMEs and compared that with the UN work in this field. A second main theme was guidance on corporate responsibility indicators in annual reports and a review of the implementation status of corporate governance disclosures. The UN group had also hosted a one-day conference on accounting in the extractive industries.