PH is Re-elected to the Intergovernmental Working Group on International Standards of Accounting and Reporting 2022-2024   

UNITED NATIONS, NEW YORK, 23 April 2021 – The Philippines is re-elected to the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) during the Council’s Management Segment meeting held at United Nations Headquarters in New York on 20 April 2021. PH will serve its third consecutive three-year term from January 2022 to December 2024, following the end of its current second-term of membership on 31 December 2021.

In a statement, Ambassador Manalo said “The Philippines’ election to the ISAR provides an opportunity for it, along with other Member States and key partner organizations to discuss trends in accounting and reporting, as well as challenges and ways to address them, with a view to enhancing reporting on private sector contribution to the implementation of the 2030 Agenda for Sustainable Development.”

The work of ISAR has been particularly relevant to the needs of UN Member States, including PH, given the importance of corporate reporting on the enhancement of Sustainable Development Goals (SDG) monitoring mechanisms.

Since PH’s membership in 2016, the country was represented in the intergovernmental working group of experts by Mr. Joel Tan-Torres, Dean of the UP School of Business and former Chair of the Board of Accountancy of PH’s Professional Regulatory Commission (PRC). The Department of Finance, Bangko Sentral ng Pilipinas, Commission on Audit, PRC Board of Accountancy and the Philippine Institute of Certified Public Accountants have actively participated and contributed valuable inputs during ISAR sessions held annually in Geneva. Dean Tan-Torres, the first Filipino to participate in the working group, shared PH experience and best practices on accounting and reporting in his engagements with ISAR. – END.

For more information, visit  https://www.un.int/philippines/    and      https://www.facebook.com/PHMissionNY/