Extracting Transparency - The need for an International Financial Reporting Standard for the Extractive Industries
Article from: OGEL 1 (2006), in Good Governance
Summary
Over the last five years there has been much debate about how to properly account for the Extractive Industries (oil, gas and mining). The International Accounting Standards Board has tackled the issue. So have many national accounting standards authorities. And the sector has been subject to greater scrutiny due to the launch of the "Publish What You Pay" campaign and the Extractive Industries Transparency Initiative (EITI). Despite this, and the support of many within the industry and within the world's largest accounting firms for one set of accounting standards for ...