Belgium volunteered to run an ISAR assessment exercise. The aim of this exercise is to assess national infrastructure in accounting and corporate reporting.
At ISAR 30, Belgian authorities expressed their interest in benefiting from the ISAR Accounting Development Tool (ADT), a guidance tool aiming at tracking quality towards convergence through measurement and benchmarking of accountancy indicators.
Representatives of the National Bank of Belgium, the Financial Services Market Authority, the Commission for Accounting Standards, the High Council for the Economic Professions, the Institute of Registered Auditors, the Institute of Accountants and Tax Advisers and the Institute of Bookkeepers and Tax Consultants will discuss with UNCTAD on ways to proceed to run the evaluation.
In the aftermath of the financial crisis, ISAR's role has significantly increased as G20 highlighted convergence towards a single set of high quality global accounting standards as one of key factors towards strengthening the international financial regulatory system and global financial stability.
The findings and lessons learned from all these exercises will be shared during the 30 session of ISAR (5 to 8 November 2013) in Geneva.