IASB accused of being soft on country-by-country reporting

Accounting rules (recently proposed by the International Accounting Standards Board, IASB) which may force mining and oil companies to publish how much they pay corrupt regimes don’t go far enough according to a humanitarian group campaigning for greater international corporate transparency: the Publish What You Pay (PWYP) coalition, which wants mining and oil companies to publish how much they pay individual governments in royalties, taxes, bonuses and license fees, said new accounting proposals on the subject are too cautious.