India Elected to the UN ISAR for the 2025–2027 Term

India was appointed by acclamation to the United Nations Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) for the 2025–2027 term. This prestigious appointment reflects India’s growing influence in shaping global financial reporting frameworks and underscores the global community’s trust in India’s capabilities. India’s election to ISAR is seen as an acknowledgment of its active role in enhancing transparency and accountability in corporate governance and financial reporting. ISAR, which operates under the United Nations Conference on Trade and Development (UNCTAD), is responsible for advancing global accounting standards and corporate disclosure practices. The appointment marks a significant opportunity for India to contribute to the development of financial reporting structures that promote consistency, transparency, and responsibility across nations.

Key Highlights

India’s Appointment

• India was appointed to the United Nations ISAR for the 2025–2027 term by acclamation, demonstrating global confidence in its capabilities.

Role

• The role of ISAR is critical in promoting financial stability, attracting investment, and enhancing global economic cooperation.
• Through ISAR’s work, member states are provided with research, policy analysis, and technical assistance to improve the quality and international comparability of financial reporting.
• India’s participation in ISAR will further its commitment to advancing these global objectives and strengthening international accounting and reporting practices.

UNCTAD’s Role

• ISAR operates under the United Nations Conference on Trade and Development (UNCTAD), focusing on global accounting standards and corporate reporting.

Global Contribution

• India will work towards improving financial reporting frameworks, promoting transparency, responsibility, and uniformity across countries.

Scope of ISAR’s Work

• ISAR addresses both financial and non-financial reporting issues, including corporate governance, environmental impact, and corporate social responsibility.

ISAR’s Mission

• To facilitate investment, economic development, and financial stability by promoting best practices in accounting and corporate transparency.

Technical Assistance and Capacity Building

• ISAR provides support to member countries through research, policy analysis, and technical assistance in accounting and reporting practices.

India’s Influence

• India’s election to ISAR positions it to significantly influence the development of global accounting and reporting standards.

About ISAR

• Purpose: ISAR helps improve the quality and comparability of financial reporting, focusing on global best practices in transparency, accountability, and governance.
• Technical Assistance: ISAR offers capacity-building support to member states, using tools like the Accounting Development Tool to improve national accounting practices.
• Global Forum: ISAR is a global platform for policy-makers, regulators, standard-setters, and experts in enterprise accounting and reporting.
• Contribution to Economic Stability: ISAR’s work is aimed at facilitating investment, fostering development, and ensuring economic stability by improving corporate transparency and financial reporting standards.