The main focus of our consulting work has been
on the environmental accounting blueprint project of the Intergovernmental
Group of Experts on International Standards of Accounting and
Reporting (ISAR) which itself is part of UNCTAD in Geneva. The
work was mainly funded by the World Bankwhich has shown
a strong interest in improving environmental transparency particularly
in respect of lending decisions in the developing country sector.
ACCA's first consultancy project was a 1995
overview of all aspects of environmental accounting, reporting
and auditing. As a result of that status report World Bank funded
environmental accounting blueprint project was developed. Thus
far the project has had four main outputs:
(1) A formal position paper on the financial
accounting treatment of environmental costs and liabilities: this
paper provides the basis for the draft EC recommendation on the
same issue which is currently being reviewed by the Contact Committee
on the Accounting Directives.
(2) A research paper authored by ACCA dealing
with the linkage between environmental and financial performance:
this paper has sparked subsequent research by Business in the
(3) A paper setting out generic principles
of environmental performance indicators focusing mainly on aspects
(4) A series of workshops of environmental
financial accounting, reporting, auditing and risk management.
These have involved staff from ACCA, KPMG, UNEP and various UK
universities and consultancies. The workshops have been delivered
to uniformly positive reaction in Bahrain, Brazil (twice including
a sector specific variant for the steel industry), the Czech Republic,
Egypt, India, Malaysia and Thailand.
It is still planned to publish a workshop manual
and to stage a formal training for trainers session either in
late 2000 or in 2001.