IASB rated highly in global accountability report

News Article - 03 December 2007
Category: Business

The International Accounting Standards Board (IASB) has been recognised as having the best developed external stakeholder engagement capabilities among 30 global organisations.

In the 2007 Global Accountability Report, the IASB was also rated as a high performer in both evaluation and transparency.

It assesses the capability of 30 powerful worldwide organisations which are accountable to the general public, classing them as high performers if they are rated 50 per cent or more in three out of four categories -participation, evaluation, transparency, and complaints and response.

"The IASB has developed procedures that bring transparency, predictability and consistency to the way its key constituencies are involved in its activities and should be congratulated on its achievements," said Rob Lloyd, lead author of the report.

Phil Laskawy, chairman of the IASC Foundation which oversees and governs the IASB, welcomed the report and explained that transparency and accountability have always been key standards of the board.

The report will become publicly available from December 4th and includes rating s on other international non-profit organisations such as Fifa, Greenpeace International and Human Rights Watch.

Article keywords:

---

More industry news

• Think tank warns UK may have already slipped back into recession
• Growing demand for HR staff in technology and international sectors
• Boosting business growth a ‘priority’ to avoid Eurozone slowdown
• HMRC launches alternative disputes pilot scheme this week
• December employment statistics disregard gloomy recruitment predictions
• Eurozone manufacturing PMI shows modest improvement
• UK scores highly for economic governance by ratings agency
• Government launches two-year project focusing on manufacturing sector
• Burden of regulation on UK businesses ‘too high’

Back to news home page »