Recent developments in accounting and reporting

For close to three decades, ISAR has been working towards promoting more reliable and comparable corporate reporting. Part of the activities that it has been undertaking with a view to attaining this objective includes reviewing developments in accounting and reporting. This chapter presents the highlights of major international, regional and national developments in accounting and reporting that occurred during the intersessional period of ISAR. The developments covered in this chapter were compiled on the basis of publicly available information only. Thus, the study is limited in scope and does not cover developments in all member States. The first section of the chapter discusses international developments covering institutions such as the Group of Twenty (G-20), the Financial Stability Board, the International Financial Reporting Standards (IFRS) Foundation and IASB. The second section discusses regional and national developments that have implications for the international convergence of accounting standards.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions