International Council of Standards for Accounting and Reporting (ICSAR)

The International Council of Standards for Accounting and Reporting (ICSAR) is an organization that develops and promotes accounting and reporting standards globally. Its primary goal is to enhance transparency, consistency, and comparability in financial information across different countries. By establishing clear guidelines, ICSAR helps businesses, investors, and regulators understand financial statements better, making informed decisions. Overall, ICSAR plays a key role in fostering trust and integrity in financial reporting, which is essential for the smooth functioning of economies and financial markets worldwide.