There is an inherent problem in producing a publication which is both generic across a number of countries and also specific enough to be immediately usable by people in each specific country who may not already be familiar with the topic (accounting). This is likely to be particularly true with accounting, since this varies between countries due to different national legal requirements on financial reporting, companies’ internal accounting records, company law generally, and taxes. This generic version should therefore stimulate national discussion and comments, as well as implement and support the development of tailored national guidelines and pilot projects.