OFR: A missed opportunity

Article Abstract:

The Operating and Financial Review (OFR) requirements were finalized after a long period of consultation, and though the much of the legal requirements were dropped during the consultations, it is still confusing, least simplified, and lacks clarity. From a company's point of view, it needs to decide whether to adopt the Accounting Standards Board's reporting standard, reissued as the source of best practice, or to cope to the lesser requirements of the European accounts modernization directive.

Accounting Methods, Accounting, Accounting law

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Transparency in resource extraction

Article Abstract:

The Extractive Industries Transparency Initiative (EITI) that seeks to prevent corruption in countries with rich natural resource developments is presented. It offers a framework for transparency and accountability between host governments and extractive companies.

Government Regulation, Control, Corporate social responsibility, Corruption, Business-government relations

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