8 November, 2022 · Virtual Meeting

The Fourth “Belt and Road” National Accounting Standards Cooperation Forum was held in the mode of a video conference on 8 November 2022, with the main venue set in Pakistan.

Delegates

Attendees included delegates from Accounting and Auditing Regulator of Cambodia, Ministry of Finance of the People’s Republic of China, Ministry of Finance of Laos, Mongolian Institute of Certified Public Accountants, Accounting Standards Board of Nepal, External Reporting Board of New Zealand, the Institute of Chartered Accountants of Pakistan, the Ministry of Finance of the Russian Federation, Saudi Organization for Chartered and Professional Accountants, Ministry of Finance of Vietnam.

At the forum, the delegates shared knowledge about the professional financial reporting education, and had an in-depth exchange of views on technical topics regarding sustainability reporting standards, accounting for Carbon Emissions Trading Schemes and valuation standards for financial reporting. The delegates actively engaged in the discussion and fully expressed their opinions, facilitating positive outcomes of the meeting.

The delegates agreed to continuously share information and promote cooperation among accounting standards-setting bodies of countries participating in the Belt and Road Initiative, working together to deal with emerging issues that have impacts on accounting, against the backdrop of changing international economic conditions.

Discussion topics included

l Knowledge sharing about the professional financial reporting education and data analytics in Forum countries

l Sustainability Reporting Standards

l Accounting for Carbon Emissions Trading Schemes

l Valuations for Financial Reporting

l Arrangements for the next meeting

Next meeting