26 July 1991

31st plenary meeting

Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting

The Economic and Social Council,

Recalling its resolutions 1979/44 of 11 May 1979 and 1982/67 of 27 October 1982 and resolution 1988/1 adopted by the Commission on Transnational Corporations at its fourteenth session,

Having considered the report of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting on its ninth session,

Acting upon the recommendation of the Group at its ninth session concerning its future work,

Decides to renew the existing mandate of the Group, contained in Economic and Social Council resolution 1982/67, and to extend its duration from three years to five years so that paragraph 4 (h) of that resolution reads:

"That the Commission on Transnational Corporations, at its annual session, shall keep under review the work of the Group; in particular, it shall review the mandate, terms of reference and achievements of the Group after five years, with a view to deciding on the advisability of its continuation."