iSAR

The United Nations Conference on Trade and Development (UNCTAD) serves as the focal point for accounting and reporting issues, which play a vital role in attracting investment and ensuring financial stability. Among its key initiatives is the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR), a forum dedicated to improving the quality and international comparability of financial reporting and non-financial disclosures.

ISAR focuses on enhancing the transparency and accountability of enterprises by addressing key areas such as environmental issues, corporate governance, and corporate social responsibility. Through its work, ISAR helps member states align their accounting practices with global standards, which in turn promotes more reliable and consistent financial information across borders. This is essential for fostering investor confidence and economic stability, as it ensures that financial data is comparable and trustworthy, regardless of geographical location.

The group conducts extensive research and policy analysis on various issues related to financial reporting, offering valuable insights into how to improve and harmonize accounting standards globally. Additionally, ISAR provides technical assistance and capacity-building support to member states through tools such as its Accounting Development Tool. This resource helps countries strengthen their accounting systems, improving both the effectiveness and efficiency of financial reporting.

ISAR serves as a global platform for policymakers, regulators, standard-setters, and experts in enterprise accounting and reporting. Its mission is to promote best practices in corporate transparency and accounting, facilitating investment and development while contributing to the broader goal of economic stability. By fostering international cooperation and sharing knowledge, ISAR helps shape policy frameworks and provides guidance that drives sustainable business practices worldwide.

Through its ongoing efforts, ISAR plays a crucial role in supporting the global economy by encouraging more reliable and transparent financial reporting, ensuring that businesses can grow and thrive in a stable, accountable environment.