What does ARC stand for?

Accounting Regulatory Committee

The Accounting Regulatory Committee (ARC) plays a pivotal role in the financial sector by overseeing the implementation and adherence to accounting standards. It ensures that financial reporting across industries remains transparent, consistent, and in line with global practices. The committee's work is fundamental in maintaining investor confidence and facilitating cross-border investments by harmonizing accounting regulations.

The ARC's mandate includes reviewing and endorsing technical accounting standards before they are adopted. This process involves rigorous scrutiny to ensure that the standards meet the highest levels of integrity and utility. By doing so, the ARC contributes significantly to the stability and efficiency of financial markets, making it an indispensable entity in the accounting category.