Financial Reporting

Background

The Accounting Working Group provides a forum for experts from member associations and the senior accountants of internationally active banking groups to discuss the development of International Accounting Standards and to share and promote best practice. 

The primary focus of the Working Group is the agenda of the International Accounting Standards Board as it seeks to develop one global set of accounting standards. The interaction of these standards with prudential regulatory requirements is also of utmost importance and, as such, the Working Group maintains a dialogue with the Basel Committee’s Accounting Task Force.