B20 Panel believes changes to accounting principles are not a tool to increase the attractiveness of long-term financing
In light of the importance of infrastructure and other long-term investment for the global economy, the B20 forum through which the private sector produces policy recommendations for the Group of 20 (G20) leaders created a taskforce, which developed actionable recommendations for the G20. As a result of one of these recommendations, the six largest international accounting networks formed a panel to analyse existing accounting and corporate reporting practices and suggest improvements. The panel has now published a report focussing on whether improvements in accounting and corporate reporting could help to attract increased private financing by offering a broader, longer-term perspective on shareholder value creation.