Discipline-Informed Approaches to Water Accounting

Abstract

Recent decades have witnessed demands for greater transparency and more clearly defined lines of responsibility and accountability in the management of natural resources. Consequently, various approaches to recording and reporting data relating to such resources have emerged, particularly in relation to water. We explore international water accounting developments where different water accounting systems are being developed in different settings, with different origins, and influenced by different disciplines. Australia is developing a general-purpose water accounting system with its genealogy in financial reporting. We explore its development and implications for regulators and professional..