Current Affairs - National - Discussion

India has been elected uncontested to the United Nations' Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) for the term spanning 2025 to 2027. This appointment highlights India's increasing influence in global financial reporting and its commitment to improving transparency and standardization in accounting practices. ISAR, established under the United Nations Conference on Trade and Development (UNCTAD) in 1982, plays a vital role in strengthening international corporate reporting frameworks. India’s participation during this term will contribute to shaping global policies that promote economic stability, enhance investor confidence, and encourage sustainable financial practices.