The Publish What You Pay coalition is lobbying the International Accounting Standards Board to set a new rule requiring countries to keep better tabs on the management of revenues from the oil, gas and mining industries.
According to the coalition, the board has already initiated a process that could lead to the definition of new International Financial Reporting Standard for the industries. The coalition, based in the United Kingdom and including more than 275 mostly nonprofit organizations, aims to help citizens of resource-rich developing countries hold their governments accountable for where those funds are directed.
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