India Appointed to UN ISAR for 2025-2027 Term
| Aspect | Details |
|---|---|
| Event | India appointed to the United Nations Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) for the 2025-2027 term by acclamation. |
| Significance | Reflects India's growing influence in shaping global financial reporting frameworks and global trust in its capabilities. |
| ISAR's Role | Operates under the United Nations Conference on Trade and Development (UNCTAD). Focuses on advancing global accounting standards and corporate disclosure practices. |
| Key Objectives | Promotes financial stability, attracts investment, and enhances global economic cooperation. |
| Scope of Work | Addresses financial and non-financial reporting issues, including corporate governance, environmental impact, and corporate social responsibility. |
| Technical Assistance | Provides research, policy analysis, and technical assistance to member states to improve financial reporting quality and comparability. |
| India's Contribution | Will work towards improving financial reporting frameworks, promoting transparency, responsibility, and uniformity across countries. |
| ISAR's Mission | Facilitates investment, economic development, and financial stability by promoting best practices in accounting and corporate transparency. |
| Global Forum | Serves as a platform for policy-makers, regulators, standard-setters, and experts in enterprise accounting and reporting. |
| India's Influence | Positions India to significantly influence the development of global accounting and reporting standards. |