After Brazil, South Africa, Croatia and Mexico, Côte d'Ivoire volunteered to run an ISAR pilot-test assessment exercise, starting on June 21st with a high-level stakeholders meeting.
Ivorian authorities expressed their interest in benefiting from the ISAR Accounting Development Toolkit, (launched by UNCTAD in April 2012), a guidance tool based on accountancy indicators which evaluates quality of reporting towards convergence and meeting international standards.
In the aftermath of the financial crisis, ISAR's role has significantly increased as the 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 aim of these exercises is to assess capacity building needs in accounting and corporate reporting. The target participants include decision makers, regulators, standard-setters, report preparers and users, academia and training institutions, and other relevant stakeholders in the area of accounting and reporting.
The findings and lessons learned from all these pilot-exercises will be shared during the 29th session of ISAR (30 October to 2 November 2012) in Geneva